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On September 11, 2023, Hengli Petrochemical (600346. SH) announced that Kanghui New Material Technology Co., Ltd., its subsidiary to be split, would be reorganized and listed through restructuring with Dalian Thermal Power (600719) Co., Ltd. After the completion of this spin off, the equity structure of the company will not change. Dalian Thermoelectric will become the controlling shareholder of Kanghui New Material, and the company will become the controlling shareholder of Dalian Thermoelectric.

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