Wanhua Chemical Group

The listed company was incorporated in 1998 as Yantai Wanhua Polyurethane Co., Ltd. (). Co-founder of the company, Wanhua Group Corporation ( or ), initially owned 93.25% shares. The company started its initial public offering in December 2000. The shares started to trade in the Shanghai Stock Exchange in January 2001. Initially, the listed company only owned the methylene diphenyl diisocyanate (MDI) production line of the former Yantai synthetic leather factory. The company also imported technology from Honeywell for its Yantai plant in 2018. In 2017, the shares of the listed company became a constituent of the blue-chip index SSE 50. In February 2019, the listed company acquired Hungarian company BorsodChem and other assets, via a reverse merger with the largest shareholder of the listed company in an all-share deal that worth RMB52 billion.) and another investor. In the same month, the listed company formed a shipping joint venture with Abu Dhabi National Oil Company (ADNOC). ==Businesses==

Wanhua Chemical Group is one of the largest chemical producers of the world. According to Chemical & Engineering News (C&EN), the listed company is ranked the 37th in 2018 edition of the ranking, up from the 41st in 2017 edition. According to another source, the listed company is the second largest producer of the world for aliphatic diisocyanate (ADI) as well as the largest producer of China for toluene diisocyanate (TDI). The company is ranked the 820th in 2019 edition of Forbes Global 2000. On top of the production facility in Yantai, the company also has factories in Ningbo, Zhuhai The proposal plant also faced opposition from the residents of St. James Parish, including Sharon Lavigne, as well as change in costs due to multiple factors, such as tariff of raw material due to the China–United States trade war. BorsodChem In February 2011, the parent company of the listed company, Wanhua Industrial Group Co., Ltd. (), acquired Hungarian chemical maker BorsodChem for a reported US$1.66 billion (€1.2 billion). The parent company also hired the listed subsidiary to manage BorsodChem from 2011 to 2019. In February 2019, Wanhua Chemical Group made a reverse merger with its direct parent company at that time, . That company also owned the shares of BorsodChem. ==Shareholders==

The parent company and largest shareholder of the listed company was Yantai-city government owned Wanhua Group Corporation in 1998. From 2003, Wanhua Group Corporation's non wholly owned subsidiary Wanhua Industrial Group became the direct parent company, which was the largest shareholder until January 2018. In January 2018, the parent company was split into two companies: Wanhua Industrial Group and (). The latter became the new largest shareholder of the listed company instead. At that time, that company owned 47.92% shares of Wanhua Chemical Group. However, in February 2019, the listed company merged with its largest shareholder, with the listed company is the surviving entity. Yantai's SASAC also indirectly owned the former parent company of the listed company, Wanhua Industrial Group, at the same time. Yantai Guofeng owned 39.497% stake of Wanhua Industrial Group since 2017. As of 31 December 2019, the third () and fourth largest shareholder () owned 10.52% and 9.61% shares respectively. was the second largest shareholder of the listed company, as of 2019, for 10.70% shares. Prime Partner International was the shareholder of Wanhua Industrial Group in 2007, thus the consortium was an indirect owner of the listed company from that date. ==Further reading==