Guantao Law Firm advises ChiNext-listed Yanggu Huatai gain approval of the Listing Committee of SZSE concerning the issuance of convertible bonds to non-specific objects
The application of issuing convertible bonds to non-specific objects (“this issuance”) of Shandong Yanggu Huatai Chemical Co., Ltd. (“Yanggu Huatai”, “the company”, stock code: 300121), was approved by the Listing Committee of SZSE in the 18th Examination Meeting in 2023.
Yanggu Huatai's main products, rubber chemicals are important raw materials for tire production. The total annual production capacity of the company is 300,000 tons with Silane coupling agent seven products series mainly including Standard Rubber Chemicals, Pre-dispersed Rubber Chemicals, Insoluble Sulfurs, Processing Promoters, Rubber Protective Wax, Resins, and others, among which the rubber Antiscorching Agent CTP(PVI) is rated as Manufacturing Individual Champion by the Ministry of Industry and Information Technology of China.
This issuance will further enhance the company’s position in the rubber additives industry, as well as its market shares, competitiveness, and continuous profitability.