**:Finance**.
**:Finance**.
This article is from: Zhitong Financial Network.
Zhitong Financial App News, Shuanghuan Technology (000707SZ) announced that on January 8, 2024, the company and Yingcheng Hongyi Chemical Technology *** referred to as "Hongyi Company") shareholders Hubei Yangtze River Industry Modern Chemical Industry *** Hubei Province New Kinetic Energy Industry Investment ** Partnership (Limited Partnership), Hubei Yihua Group Co., Ltd., Hubei Kechuang Hongtai Zero High-end Manufacturing Investment ** Partnership (Limited Partnership), Henan Jinshan Holding Co., Ltd. *** Hubei Gaocheng Fengfeng Venture Capital *** on the acquisition of Hongyi Company 6859% of the equity signed the "Equity Acquisition Agreement" with effective conditions, and the agreement stipulates that the company intends to purchase 68 Hongyi Company held by shareholders of Hongyi Company with the funds raised by issuing ** to specific objects59% equity.
It is reported that the main business of the listed company is the production and sales of soda ash and ammonium chloride products. The ammonia synthesis section is an important pre-production section of soda ash and ammonium chloride by the company's alkali method, and its main product is liquid ammonia. Among the major assets** in 2021, the listed company divested the original synthetic ammonia production equipment with high production costs, so the synthetic ammonia required for the production of the listed company currently needs to be purchased from related parties, resulting in the listed company continuing to generate a large amount of daily related party transactions.
In April 2023, Hongyi's 400,000-ton synthetic ammonia upgrading project was completed and put into operation. Hongyi Company adopts advanced green and environmental protection technology such as coal-water slurry pressurized gasification, low-pressure synthesis, and double internal compressed air separation in the construction, which is in line with the national green and low-carbon, energy-saving and emission reduction strategic orientation. The company said that it is expected that after Hongyi's equity is injected into the listed company, it can further enhance the profitability of the listed company while reducing the related party transactions of the listed company.