Yuegong Holdings Group has successfully acquired the Kaifeng Oils and Chemicals Plant.

Release Date:

2007-12-29 15:07

On December 27, our company successfully won the bid for the “Transfer of Property Rights of Kaifeng Oils and Chemicals Factory” at the Kaifeng Municipal State-owned Assets Property Rights Trading Center. On the 29th, Chen Bailiang, Chairman of the Group, formally signed the agreement at a ceremony held at the Bianjing Grand Hotel in Kaifeng, marking the acquisition by Yuegong Holding Group of the state‑owned property rights of the Kaifeng Oils and Chemicals Factory. Nearly 200 leaders from the Kaifeng Municipal Government, the People’s Congress, the Chinese People’s Political Consultative Conference, and relevant departments attended the event. The Kaifeng Oils and Chemicals Factory is a wholly state‑owned enterprise under the supervision of the Kaifeng Municipal State‑owned Assets Supervision and Administration Commission. Established in 1949, it occupies nearly 50,000 square meters and primarily engages in the production and sale of chemical products such as fumaric acid, maleic anhydride, and unsaturated resins, with an annual production capacity of close to 20,000 tons and a sales‑to‑production ratio of 100%. Through this merger and acquisition, the Kaifeng Oils and Chemicals Factory will officially become a subsidiary of Yuegong Group. This transaction has broadened Yuegong Group’s industrial chain, expanded its market reach, and provided a strong impetus for the Group’s further development.

The Group Company’s Employees’ Congress was successfully convened.

Two subsidiaries of the Group have been awarded National Grade‑I Steel Structure Manufacturing Qualification.

The Group Company’s Employees’ Congress was successfully convened.

Two subsidiaries of the Group have been awarded National Grade‑I Steel Structure Manufacturing Qualification.

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