Guangdong Modern High-tech Fiber Co., Ltd (SZSE:300876) agreed to acquire a 51% stake in Haining Guangyuan Chemical Fiber Co., Ltd. from Haining Haitai New Materials Technology Co., Ltd., Yang Jianwei, Huang Diaohui and Sun Yaodong for CNY 38.8 million on April 7, 2023. For the period ended March 31, 2023, Haining Guangyuan Chemical Fiber had CNY 47.89 million of total assets and CNY 41.03 million of net assets.