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Liaoning Huajin Chemical Group is the largest local state-owned chemical company in Liaoning Province and one of China's top 500 companies. It mainly produces and sells fertilizers, polyolefin resins and other products. Its products and technology advantages are obvious. Especially in recent years, through technological transformation and expansion of foreign mergers and acquisitions, the Group has entered a healthy development track, showing good operating performance and strong development potential. This time, China Ordnance Industry Group Co., Ltd. invested capital in Liaoning Huajin Chemical Industry Group Co., Ltd. to increase capital and expand stocks and restructure, mainly relying on the strong financial strength, rich operating management experience and unique domestic competitive advantages of China North Industries Group Corporation. After the reorganization, Huajin Group will make full use of the advantage of the overseas oil resources of the Ordnance Industry Group Corporation. The industrial chain will be further extended and improved, and the new advantages of integration of resources and final products will be quickly formed, making the petrochemical industrial base a masterpiece. After the joint reorganization, the Huajin Group will be transformed from a wholly state-owned company into a state-owned joint-stock enterprise, which will fully realize institutional and institutional innovation.
The Liaoning Provincial Government and China Ordnance Industry Group Corporation recently held a signing ceremony for the restructuring and restructuring cooperation agreement of Liaoning Huajin Chemical (Group) Co., Ltd. in Beijing. The restructuring and reorganization of the largest state-owned chemical company in Liaoning Province was officially launched.