Qingdao Soda Ash Gets Linked to Sinopec's Refining Project

摘要

The majority shareholder Qingdao Hiwin Group has taken nearly three years in reforming itself.The reformation of Qingdao Hiwin Group is caused by the reformation of Qingdao Kailian(Group)Corporation.Qingdao Kailian is an investment operation firm.It has a total asset value of around RMB6.0 billion and owns more than 30 enterprises including Qingdao Hiwin Group,Qingdao Redstar Chemical Group and Qingdao Soda Ash.In 2003 Qingdao Kailian transferred all its holding equity in Qingdao Soda Ash to Qingdao Hiwin Group.