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Nanjing Lanpucheng (a subsidiary of Hesheng Group) was Delisted in SUAEE, newly controlled by Hesheng Group

In responding the national policy of mixed ownership reform of SOEs, Hesheng Group successfully took the control of Nanjing Lanpucheng on Apr 27 2016, which is one of the state-owned enterprises listed on restructuring in the first batch.

Nanjing Lanpucheng New Materials Company, founded in Jan 2003 with registration address at No.8 Tongtian Road in Nanjing Jiangning Science Park, is high-tech enterprise with main business to produce special polyester film and coating.

The company has invested three production lines of precise coating with annual 1.5k ton output capacity of kinds of precise coating film and three production line of polyester film with annual 30k ton output capacity.It is the onlycompany integrates production of polyester film, design and improvement of BOPET equipment, further processing of coating in China which covers an area of 91 mu equipped with 2000㎡purification workshop.

This acquisition means Hesheng Groups has expanded its business scale with more market competition and enery added to Nanjing Lanpucheng, a new corporate governance system with competition according with modern enterprises will be built up for it.