Luxi Chemical: Luxi Chemical, Cangzhou Dahua, and China National Chemical Corporation's wholly-owned subsidiary China Plastics Co., Ltd. jointly invest to establish a joint venture company.

NightAirdropper · 2026-03-15T22:16:21+00:00

Securities Daily News, March 12 — Luxi Chemical stated in response to researcher inquiries that the company disclosed an "Announcement on Joint Investment with Related Parties to Establish a Joint Venture Company and Related Party Transactions" on December 23, 2025. Luxi Chemical, together with Cangzhou Dahua and Sinochem Plastics Limited, a wholly-owned subsidiary of Sinochem International, jointly invested to establish a joint venture company. The main purpose is to effectively fulfill commitments regarding homogeneous competition made by state-owned shareholders, mitigate the adverse impact of homogeneous competition on the company, and effectively integrate sales resources of all three parties in the polycarbonate field.(Editor: Cong Kexin)

NightAirdropper

2026-03-15 22:16:21

Securities Daily, March 12 — Luxi Chemical, when asked by researchers, stated that on December 23, 2025, it disclosed the “Announcement on Co-Investment with Related Parties to Establish a Joint Venture and Related Transactions.” Luxi Chemical and Cangzhou Daqing, along with China National Chemical International’s wholly owned subsidiary, China Plastics Co., Ltd., jointly invested to establish a joint venture. The main purpose was to fulfill the commitments related to avoiding competition with state-owned shareholders, reduce the adverse effects of industry competition on the company, and effectively integrate the sales resources of all three parties in the polycarbonate field.

(Edited by Cong Kexin)

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