Wanhua changes shareholding structure, sets up procurement arm

摘要

Yantai, Shandong - Yantai Guofeng Investment Holding has become a shareholder in Wanhua Chemical through free-of-charge transfer of shares in its parent company Wanhua Industrial. According to Wanhua's filing on the Shanghai Stock Exchange on 22 December, its ultimate controlling shareholder Yantai State-owned Assets Supervision and Administration Commission (SASAC) transferred its 39.5% stake in Wanhua Industrial to Guofeng.