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On September 20, Great Wall Motor announced in Hong Kong that it would use RMB 195 million to acquire 25% of each of 6 companies including Great Wall Bridge, Changfu, Great, Mande, Jiehua, and Tianqi and Baoding Smart Auto Parts. 50% equity.
In addition to the shares already held, after completion of the equity transaction, Great Wall Motor will hold 100% equity interests in Great Wall Bridge, Changfu, Gretel, Mande, Smart, and owns 50% equity of each of Jiehua and Tianqi.
It is reported that the main business of the above seven companies is to design, produce and sell automotive components. Great Wall Motors stated that this transaction will enable the Group to obtain sufficient quality-assured auto parts and components, and it will also strengthen the control over the timeliness of upstream supply and total production costs.
Calcium Formate is white crystal powder,used as acidifying agent in all kinds of animal feeds, mildew preventive, antibacterial agent, effectively preventing diarrhea, could adjust the intestinal function to promote nutrients absorption. Food industrial additives, plant growth regulator.
It is also used as fast coagulant, early strength of the cement. Mainly used in building mortar and various concrete to speed up the hardening speed of cement and shorten the condensation time, especially in winter construction, to avoid the slow condensation speed at low temperatures. Decompression is fast, so that cement can be put into use as soon as possible.
For various kinds of dry mixing mortar, various kinds of concrete,wear-resisting material, floor industry.
As desulphurizing agent that can be used as a high sulphur fuel.
As leather industry auxiliaries, widely used in high-grade leather manufacturing.
Besides,it also can be used Oil Drilling Industry.
Calcium Formate,Calcium Formate 98%,Feed grade Calcium Formate
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