On December 18, Shenzhen Guanghua Weiye Co., Ltd. and Hengtian Fiber Group Co., Ltd. signed an "Equity Transaction Contract" for the 51.265% equity and related debt projects of Hengtian Yangtze Biomaterials Co., Ltd. Transaction amount is RMB 52,245,332.52 yuan (of which the price of 51.265% equity is 0.0001 yuan, and the price of the underlying corporate debt is 52,245,331.52 million yuan).
After this purchase, Hengtian Changjiang Biomaterials Co., Ltd. will become a holding subsidiary of Shenzhen Guanghua Weiye Co., Ltd.
Guanghua Weiye said that this external investment is based on the company's business development plan and realizes the company's strategic layout, which is conducive to improving the company's overall performance and promoting the company's long-term sustainable development.
Hengtian Changjiang Biomaterials Co., Ltd. was established in 2000, formerly known as Changshu Changjiang Chemical Fiber Co., Ltd. Since 2006, it has been committed to the R&D and manufacturing of polylactic acid fiber and its products, and joined China Hengtian Group in 2015.
Recently, the "Polylactic Acid Efficient Biosynthesis and Fiber Preparation and Application Technology" project participated by Hengtian Fibers and Hengtian Yangtze Biotechnology also won the first prize of the 2023 China Textile Industry Federation Science and Technology Progress Award.
This project is committed to creating a high-quality polylactic acid fiber manufacturing technology innovation system and establishing a full industry chain demonstration project. It applies high-gloss purity, low-cost lactic acid production technology, lactide production technology and PLA fiber processing technology to achieve a strong breakthrough in the high-quality polylactic acid (PLA) fiber. To overcome the bottleneck of large-scale quality manufacturing, we developed a continuous polymerization-melt direct spinning polylactic acid fiber process and device, invented a push-flow ring-opening polymerization and high-efficiency devolatilization two-component PLA fiber melt direct spinning process, and used PLA with different optical purity. The melt-prepared two-component sheath-core structure short fiber process technology has greatly reduced production costs; a 10,000-ton continuous polymerization melt direct spinning bi-component polylactic acid fiber production line and a 1,000-ton PLA short fiber nonwoven production line have been built. It has realized the application of polylactic acid products in high value-added fields such as clothing, hygiene materials, and personal protection, created a high-quality polylactic acid fiber manufacturing technology innovation system, and established a full industry chain demonstration project. In order to promote my country to become a biomass fiber powerhouse, Provide important system technical support to achieve sustainable development of the fiber industry.
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