Jilin Chemical Fiber And Jinggong Composite Materials Co., Ltd. Strategic Cooperation

Jul 20, 2018

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Jilin Chemical Fiber Co., Ltd. announced on the evening of 27th that the company purchased 18% equity of Jilin Jinggong Carbon Fiber Co., Ltd. held by Jilin Guoxing New Material Industry Investment Co., Ltd., and the purchase amount was 36,160,688 yuan. The target company is mainly engaged in the development and sales of 24K, 48K large tow and low-cost carbon fiber. At the same time, with the approval of Jilin State-owned Assets Supervision and Administration Commission, on June 26, the company signed a strategic cooperation agreement with Jinggong (Shaoxing) Composite Materials Co., Ltd. The two sides intend to carry out strategic cooperation in carbon fiber and its composite materials to jointly develop and manufacture composite carbon fiber; cooperate in the fields of aerospace, defense and military, transportation, automobile lightweight, wind power, etc., giving priority to rail transit, wind power, transportation tanks and tanks. Cooperation in the field of body. The company's stock resumed trading on June 28.

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