Nafine Chemical Industry (SZSE: 000737) announced on August 28 that its wholly-owned Sichuan Tongqing Nafine will execute sole sale of sodium sulfate products produced by Sichuan Rongxing Chemical with its existing sales network and brand advantages.
The listed company meanwhile intended to spend CNY 68.4 million buying 60% of Huai'an Nafine Chemical from Beijing Salt Industry Corporation to drive the Huai'an company to be its wholly-owned subsidiary.