Sichuan Chemical Holdings to Be the Largest Shareholder in Lutianhua and Sichuan Chemical

摘要

Following approval by Sichuan Provincial Government,Sichuan Lutianhua Co.,Ltd.(Lutianhua,SZ:000912)and Sichuan Chemical Company Limited(Sichuan Chemical,SZ:000155)jointly announced on February 14th,2007 that the 347.1 million shares or 59.33% equity in Lutianhua,owned by Lutianhua Group Inc.and 298.4 million shares or 63.49% interests in Sichuan Chemical,held by Sichuan Chemical Works Group Ltd.will be transferred into Sichuan Chemical Holdings Co.,Ltd.with no pay.The transaction will make Sichuan Chemical Holdings the