Yihua Chemical streamlines operations, approves debt issuance and asset sales

Hubei Yihua Chemical Industry (SZSE:000422) is undertaking a series of strategic moves aimed at streamlining operations and bolstering its financial position. The company's board has approved the absorption and merger of its wholly-owned subsidiary, Hubei Xinyi Chemical, a move designed to optimize management structure, improve operational efficiency, and reduce administrative costs. Upon completion, Xinyi Chemical's legal person status will be canceled, with all assets, debts, and rights transferring to Hubei Yihua Chemical.