7 Sets of Equipment Completed on the Same Day! Over 80 Billion Yuan Mega Refining Project Races to Completion

On October 16, 2025, Daicel Corporation (hereinafter referred to as "Daicel") and its wholly-owned subsidiary Polyplastics Co., Ltd. (hereinafter referred to as "Polyplastics") announced a group corporate restructuring plan, with the core content being Polyplastics.Engineering plasticsComprehensive integration of the sector. According to official disclosed information, this reorganization adopts the "acquisition and separation" model, with the key timeline set for April 1, 2026. Daisilu has clearly stated that the core goal of this engineering plastics sector integration is to maximize the value of the group enterprise.

On October 16, TBEA announced that in order to enhance the market share of the company's medium and high-end cable products, such as those used in nuclear power and rail transit, its wholly-owned subsidiary, Electrical Equipment Group, signed a "Share Transfer Agreement" with Zheng Lianyuan and 49 other individuals, as well as Yangzhou Fumao Enterprise Management Partnership. The Electrical Equipment Group is acquiring 225 million shares of Shuguang Cable for 946 million yuan, which accounts for 74.1942% of its total equity. Shuguang Cable is a manufacturer of wires and cables, offering a full range of ultra-high voltage, medium, and low voltage power cables of up to 500kV. The company specializes in high-tech special cables such as 1E K1 and K3 cables used in nuclear power plants, wind energy cables, photovoltaic cables, and rail transit cables, with a product line covering more than 20 series.

On October 16, Cangzhou Mingzhu announced that the company's controlling shareholder...Dongsu Groupand its persons acting in concert plan to transfer 167 million shares of the company they hold (accounting for 10.00% of the company's total share capital on the agreement signing date) toGuangzhou Light IndustryAt the same time, the voting rights corresponding to the remaining 160 million shares (accounting for 9.58% of the company's total share capital on the date of the agreement) will be entrusted to Guangzhou Light Industry. If the transfer is completed,Guangzhou Light IndustryWill become the controlling shareholder of the company.Guangzhou State-owned Assets Supervision and Administration CommissionWill become the actual controller of the company.

Review: Cangzhou Mingzhu's introduction of Guangzhou State-owned Assets as the controlling shareholder is a typical example of a "state-owned capital takeover" change in control. This move not only can bring funding and resource support to the company but also is expected to leverage the state-owned background to enhance its credibility and market position in the new energy materials field. For the original controlling shareholders, this is a way to "cede control while retaining some benefits" as an exit strategy. In the future, how the new actual controller empowers the company...Cangzhou MingzhuThe business development will be the focus of market attention.

Liaoning Dingjide Petrochemical Co., Ltd. (hereinafter referred to as "Dingjide") has announced good news regarding its 200,000 tons/year POE (polyolefin elastomer) high-end new material project. According to the progress announcement disclosed by Dingjide on the evening of October 16, the project has officially commenced production and successfully produced qualified POE products. Dingjide stated that the commissioning of the POE industrialization facility is a milestone in the company's strategic development, marking the company's transformation from a producer of fine chemical additives and catalysts to a diversified manufacturer of new materials and fine chemicals.

Recently, the Huajin Aramco Petrochemical and Raw Material Engineering Project has reached another milestone. Seven refining units, including a 15 million tons/year atmospheric and vacuum distillation unit and a 4.2 million tons/year high-propylene catalytic cracking unit, have achieved simultaneous mechanical completion. The construction of the core process units in the refining segment of the project has made decisive progress, laying a solid foundation for subsequent feedstock trial runs.