Hengli Petrochemical merges two subsidiaries in streamlining move
Hengli Petrochemical Co merged two wholly-owned subsidiaries in Dalian, with Hengli Petrochemical (Dalian) Refinery Co absorbing Hengli Petrochemical (Dalian) Chemical Co.
The combined entity will control total assets of 18.4 trillion yuan. Hengli Refinery reported 11.3 trillion yuan in assets and 198.2 billion yuan net profit for 2024, while Hengli Chemical had 7.1 trillion yuan in assets and 236.9 billion yuan net profit.
The merger aims to optimize management and reduce costs.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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