Fu Bing completed the acquisition of 97.1% stake in Jiangxi Luqing Nc Co., Ltd. from North Chemical Industries Co., Ltd. for CNY 3.9 million.
December 30, 2020
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Fu Bing won the bid to acquire 97.1% stake in Jiangxi Luqing Nc Co., Ltd. from North Chemical Industries Co., Ltd. (SZSE:002246) on August 21, 2019. Fu Bing signed property rights transaction contract to acquire 97.1% stake in Jiangxi Luqing Nc Co., Ltd. from North Chemical Industries Co., Ltd. (SZSE:002246) for CNY 3.9 million on December 30, 2020. The transaction was approved in the 29th and 45th Meeting, of the 4th Directorate of North Chemical Industries Co., Ltd.
Fu Bing completed the acquisition of 97.1% stake in Jiangxi Luqing Nc Co., Ltd. from North Chemical Industries Co., Ltd. (SZSE:002246) on December 31, 2020. Fu Bing paid CNY 3.9 million.
Sichuan Nitrocell Corp, formerly North Chemical Industries Co Ltd, is a China-based company principally engaged in the manufacturing and sales of chemical raw materials and chemical products. The Company's main business includes the manufacturing and sales of cellulose derivatives such as nitrocellulose, nitrocellulose color chips and nitrocellulose solution, the sales of hazardous chemicals and chemical products, the import and export of chemicals, as well as the manufacture, sales and maintenance of industrial pumps, valves and spare parts. The Company principally operates its businesses in the domestic market.
NORTH CHEMICAL INDUSTRIES CO., LTD. 
