On December 26, 2007, Dandong Chemical Fiber Co., Ltd. (Dandong Chemical Fiber) formally announced that its controlling shareholder Dandong Chemical Fiber (Group) Co., Ltd. plans to cooperate with Dalian Honglin Investment Holding Group Co., Ltd. to carry out the development of Dandong Chemical Fiber. Asset restructuring. Previously, the reorganization plan had been discussed and approved by the mayor of the Dandong Municipal Government.
According to reports, Dandong Chemical Fiber has suffered continuous loss for more than two years. The company's current net assets have been negative and are facing risk of delisting. Its shares have been specially dealt with. The assets reorganization plan of Dandong Chemical Fiber is: Honglin Investment Group has become the actual controller of Dandong Chemical Fiber by acquiring the equity of Dandong Chemical Fiber. At the same time, the Honglin Investment Group intends to repay the Dandong Chemical Fibers owed for Danhua Chemical Group with quality assets. In addition, Dandong Chemical Fibers will also sell its chemical fiber assets and liabilities.
Honglin Investment Group mainly engages in project investment, economic information consulting, construction and decoration engineering construction, steel pipe manufacturing and processing, property management and leasing, domestic general trade, real estate development and sales.
3inch Tow Strap 9m
A recovery strap is designed to "recover" a vehicle from the ditch, mud, etc. Nylon recovery straps have loops on each end for ease of use. A Tow Strap should not be used to recover or "snatch" a vehicle that's stuck. Traditional vehicle tow straps are much less flexible and designed only to pull a load that freely moves. The strap's inability to stretch can't absorb energy, which increases the likelihood that it will break. The metal hooks on the ends can then come unhooked and launch through the air at high speeds, injuring bystanders or the vehicles. Using a tow strap with very little stretch is extremely unsafe.
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