FDK Corporation (TSE:6955) agreed to acquire 94.4% stake in Baotou Santoku Battery Materials Co.,Ltd from Santoku Corporation for CNY 52.9 million on December 1, 2023. Baotou Santoku Battery Materials has Net Assets of CNY 87 million, total assets of CNY 139 million and net sales of CNY 166 million as of December 31, 2022. The transaction is scheduled to complete in Late February 2024.
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- FDK Corporation agreed to acquire 94.4% stake in Baotou Santoku Battery Materials Co.,Ltd from Santoku Corporation for CNY 52.9 million.