Lu Xin Venture (600783.SH) intends to transfer 12,940,574 shares of Tianyi Chemical to Yaxing Chemical.

China Fortune Financial News App: Shandong Lu Trust Venture Capital (600783.SH) issued an announcement that its wholly-owned subsidiary, Shandong Province High-tech Entrepreneurship Investment Limited Company (hereinafter referred to as "Shandong High-tech Investment"), intends to transfer its 12.940574 million shares of Shandong Tianyi Chemical Co., Ltd. (hereinafter referred to as "Tianyi Chemical" or the "target company") to Weifang Yaxing Chemical Co., Ltd. (stock code: 600319, hereinafter referred to as "Yaxing Chemical"). This transaction is in exchange for shares issued by Yaxing Chemical and cash, which will help improve the liquidity of the company's assets.