Bohai Petrochemical 100% Equity To Be Sold

On the evening of December 5th, Bohai Chemical announced that it is planning to sell 100% equity of Bohai Petrochemical and acquire control of Tianjin TEDA New Materials through the issuance of shares and cash payment (hereinafter referred to as "the Transaction").

Based on preliminary estimates, this transaction is expected to constitute a major asset restructuring as stipulated by the "Administrative Measures for Major Asset Restructuring of Listed Companies." This transaction will not result in a change in the company's actual controller and does not constitute a restructuring listing.

According to the relevant regulations such as the "Shanghai Stock Exchange Stock Listing Rules," this transaction constitutes a related party transaction. As the transaction is still in the planning stage and certain matters remain uncertain, in order to protect investors' interests and avoid abnormal fluctuations in stock prices, according to the relevant regulations of the Shanghai Stock Exchange, upon the company's application, the company's stock will be suspended from trading starting from the market opening on December 8, 2025, with the expected suspension period not exceeding 10 trading days.

Source: Bohai Chemical

In recent years, Bohai Chemical has been mired in losses, which have continued to expand. The net profit attributable to the parent company from 2022 to 2024 was -38.2378 million yuan, -521 million yuan, and -632 million yuan, respectively. In the first three quarters of 2025, the company's net profit attributable to the parent was -579 million yuan, a year-on-year decline of 7.85%. The total losses over three years of the first three quarters exceeded 1.77 billion yuan.

After years of losses, Bohai Chemical is seeking to transform. In its 2024 annual report, the company stated that it plans to transition towards new materials, high-end specialty chemicals, and green chemicals. The planned acquisition of Taida New Materials may be part of this strategy.

Public information shows that Taida New Material was established in 1999, specializing in the research, development, manufacturing, sales, and import-export trade of heavy aromatic hydrocarbon oxidation series products. The leading product is trimellitic anhydride (TMA), with downstream application areas including plasticizers, advanced insulating materials, curing agents, etc. Taida New Material has been active in the capital market. In 2014, the company was listed on the New Third Board. Since 2016, it has made multiple attempts to launch an IPO on the A-share market, but all have ended in failure.

Source: Bohai Petrochemical, Tencent Finance; if you need to reprint, please indicate the source. The content and images are sourced from public channels such as the Internet community platforms, and are for reference and exchange only.