Shandong Rik Chemical Co., Ltd. is acquiring 70.75% of Shandong Yuan New Materials Co., Ltd. via share issuance and cash. The company confirms no related asset purchases or sales occurred in the twelve months preceding the board's review of this transaction, thus no cumulative calculation is required under relevant regulations.
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Shandong Rik Chemical Co., Ltd. Board of Directors' Statement on Asset Purchases and Sales in the Twelve Months Prior to the Transaction
Shandong Rik Chemical Co., Ltd. (hereinafter referred to as the "Company") proposes to acquire 70.75% of the shares of Shandong Yuan New Materials Co., Ltd. through the issuance of shares and payment of cash, and to raise supporting funds (hereinafter referred to as the "Transaction").
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