Hubei Kailong Chemical Group Co., Ltd. agreed to acquire civil explosives equipment production line in Linyi City, Shandong of Shandong Tianbao Chemical Co., Ltd. for CNY 150 million.
January 02, 2020
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Hubei Kailong Chemical Group Co., Ltd. (SZSE:002783) agreed to acquire civil explosives equipment production line in Linyi City, Shandong of Shandong Tianbao Chemical Co., Ltd. for CNY 150 million on January 2, 2020. The transaction is approved by the Board of Directors of Hubei Kailong Chemical Group.
HUBEI KAILONG CHEMICAL GROUP CO., LTD. is principally engaged in the manufacture and distribution of industrial explosives. The Company primarily provides modified ammonium nitrate-fuel oil explosives, including modified ammonium nitrate-fuel oil explosives for rocks; expanded ammonium nitrate explosives, including expanded ammonium nitrate explosives for rocks and expanded ammonium nitrate explosives for coal mines; emulsion explosives, including emulsion explosives for rocks and emulsion explosives for coal mines, as well as seismic explosive columns, including seismic explosive columns with low, medium and high detonation velocities, high power seismic explosive columns, emulsion seismic explosive columns and high strength seismic explosive columns. Its products are applied in petroleum, coal, mining, metallurgy, transportation, hydraulic, electric power, construction, national defense and other fields.
Hubei Kailong Chemical Group Co., Ltd. agreed to acquire civil explosives equipment production line in Linyi City, Shandong of Shandong Tianbao Chemical Co., Ltd. for CNY 150 million.
HUBEI KAILONG CHEMICAL GROUP CO., LTD. 
