After the veto of the CSRC, the single-chip giant Central has not given up its plans to acquire the photovoltaic assets of Guodian Group. On the evening of March 25, Zhonghuan announced that on March 23, the company held the sixth meeting of the fifth board of directors, and reviewed and approved the “Proposal on Continued Promotion of the Issuance of Shares to Purchase Assets and Raise Matching Funds and Related Transactionsâ€. Zhonghuan said that the company has cooperated with the parties and relevant intermediaries to further modify, supplement and improve the issuance of shares to purchase assets and raise matching funds and associations based on the audit opinions of the China Securities Regulatory Commission's listed company mergers and acquisitions review committee. The trading plan and related application materials will be submitted to the China Securities Regulatory Commission for review. On the evening of February 9, Zhonghuan announced that the company had received the notice from the China Securities Regulatory Commission and the 10th M&A and Reorganization Committee working meeting held by the CSRC M&A Committee. The company issued shares to purchase assets and raised matching funds and related funds. The transaction was not approved. Zhonghuan is affiliated to Tianjin Zhonghuan Group and is one of the largest single crystal enterprises in China. Its main competitor is Longji, which is currently the industry leader. With the popularity of the photovoltaic market, the industry leaders led by Longji are aggressively expanding in the staking. Central shares are not far behind, and they will target the photovoltaic assets of the central enterprise Guodian Group. According to the latest acquisition plan announced on March 25, Zhonghuan said that before the reorganization, Guodian PV's simulated financial statements in 2015, 2016 and January-September 2017 were at a loss, with a loss of 1.276 billion yuan and 4.65 respectively. 100 million yuan and 0.26 billion yuan, mainly due to the suspension of production and sales of Guodian PV during the reporting period, and the assets have not been effectively utilized. "The transaction still needs the approval of the China Securities Regulatory Commission for this transaction, and the final successful implementation of the risk of not being approved," Zhonghuan said.
A Gasket is a mechanical seal which fills the space between two or more mating surfaces, generally to prevent leakage from or into the joined objects while under compression.
Gaskets allow for "less-than-perfect" mating surfaces on machine parts where they can fill irregularities. Gaskets are commonly produced by cutting from sheet materials.
Gaskets for specific applications, such as high pressure steam systems, may contain asbestos. However, due to health hazards associated with asbestos exposure, non-asbestos gasket materials are used when practical.
It is usually desirable that the gasket be made from a material that is to some degree yielding such that it is able to deform and tightly fill the space it is designed for, including any slight irregularities. A few gaskets require an application of sealant directly to the gasket surface to function properly.
Some (piping) gaskets are made entirely of metal and rely on a seating surface to accomplish the seal; the metal's own spring characteristics are utilized (up to but not passing σy, the material's yield strength). This is typical of some "ring joints" (RTJ) or some other metal gasket systems. These joints are known as R-con and E-con compressive type joint.
Gasket
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