Certain A Shares of Anhui Hwasu Co.,Ltd. are subject to a Lock-Up Agreement Ending on 26-NOV-2022.
November 25, 2022
Share
Certain A Shares of Anhui Hwasu Co.,Ltd. are subject to a Lock-Up Agreement Ending on 26-NOV-2022. These A Shares will be under lockup for 374 days starting from 17-NOV-2021 to 26-NOV-2022.
Details:
The Company's holding shareholder Hbcoal.com Inc. has committed not to transfer or entrust to a third party the Company's shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 36 months from the listing date. If within 6 months after the listing, the closing price of the shares is lower than the issuance price for 20 consecutive trading days or if the trading price is lower than the issuance price 6 months after listing, the lock-up period will be automatically extended for another 6 months.
The Company's shareholders Anhui Wantou Industrial Investment Co., Ltd., CCB Financial Asset Investment Co., Ltd., China Chengda Engineering Co., Ltd., Dingyuan County State-Owned Asset Operations Co., Ltd., Magang Group Investment Co., Ltd., and China Salt Dongxing Salt Chemical Co., Ltd. have committed not to transfer or entrust to a third party the Company's shares they hold directly or indirectly before the issuance, or allow the company to repurchase those shares within 12 months from the listing date.
Anhui Hwasu Co Ltd is a China-based is a China-based company mainly engaged in the production and sales of chlor-alkali chemical products. The Company operates two segments. Hwasu segment is mainly engaged in the production and sales of polyvinyl chloride (PVC), caustic soda and cement. Wuwei Hwasu segment is engaged in the mining and sales of raw salt and limestone. The Company is also engaged in comprehensive utilization of Three Wastes. The Company's main products include PVC, caustic soda, limestone, calcium carbide slag, cement, lime and others. The Company operates mainly in the domestic market.