Lier Chemical Co LtdLier Chemical is being acquired at a premium (≥12.62 yuan/share), with control transfer to a strategic buyer.
The transfer of control of Lier Chemical has seen new progress, with China Resources Double-Crane ranking first in the public solicitation and expected to spend approximately 2.374 billion yuan to take over. The company disclosed on the evening of July 15 that its controlling shareholder Jiuyuan Group and its concert party Huacai Technology conducted a comprehensive review of ten prospective transferees, determining China Resources Double-Crane as the top-ranked prospective transferee, with Shudao Investment Group and Sichuan Energy Development Group ranking second and third respectively. Jiuyuan Group and Huacai Technology plan to transfer a total of 188 million shares, representing 23.50 percent of the company's total share capital, at a transfer price of no less than 12.62 yuan per share. China Resources Double-Crane stated that this move is to meet its overall strategic planning and promote the industrialization of synthetic biology reserve technology products. Currently, the actual controller of Lier Chemical is the China Academy of Engineering Physics, which is divesting multiple assets including Lier Chemical.
Lier Chemical Co LtdLier Chemical is being acquired at a premium (≥12.62 yuan/share), with control transfer to a strategic buyer.
China Resources Double-Crane Pharmaceutical Co LtdChina Resources Double-Crane is the acquirer in a 2.374 billion yuan takeover, expanding its synthetic biology capabilities.
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