Carbon black is the leader, and intention to acquire attracts attention

Longxing Chemical Co., Ltd. and natural person Liu Jiangshan recently signed a "Letter of Intent for Cooperation" with China Rubber (Singapore) Co., Ltd. According to the announcement, the two parties have reached a preliminary acquisition intention for the entire equity of China Rubber (Anshan) Chemical Industry Co., Ltd. and China Rubber (Chongqing) Carbon Black Co., Ltd.

According to the letter of intent, Longxing Chemical and Liu Jiangshan will acquire 55% and 45% of the equity of the above two target companies respectively. It is worth mentioning that Liu Jiangshan, as the actual controller of Longxing Chemical, also participated in the investment this time, aiming to share risks and help the company better integrate resources and markets.

According to the Carbon Black Industry Network, China Rubber (Anshan) Chemical Industry Co., Ltd. and China Rubber (Chongqing) Carbon Black Co., Ltd. mainly focus on the production of carbon black and related derivative products. Longxing Chemical is a well-known domestic producer of carbon black for rubber. The purchase price will be determined after further due diligence and consultation between the parties. The formal equity transfer agreement will be signed after full consultation on the specific matters of the acquisition.