Hengli Petrochemical spins off Kanghui New Materials and goes public A-share new materials usher in heavyweight players

on july 4th, hengli petrochemical, a listed a-share company, announced that it plans to spin off its subsidiary kanghui new material technology co., ltd. (hereinafter referred to as “kanghui new material”). all shareholders of new materials issued shares to purchase 100% of the shares of kanghui new materials held by them in total, thereby realizing…