Chenhua shares 7 Announced on the evening of March 17, the company's wholly-owned subsidiary Huai'an Chenhua New Materials Co., Ltd. ("Huai'an Chenhua") plans to use its own funds of not less than 23.6369 million yuan to purchase a plot located on the west side of Huaiyan Road, Huai'an City, Jiangsu Province , with a land area of about 127.08 mu, as the company's strategic development land, to meet the company's requirements based on safety, fire protection, environmental protection, etc., as well as the annual production of 40,000 tons of polyetheramine (42,000 tons of polyether) and annual production capacity of Huaian Chenhua's proposed investment The site demand for the expansion of the 34,000 tons of polyurethane functional additives project.
