Guangdong Modern High-tech Fiber Co., Ltd completed the acquisition of 51% stake in Haining Guangyuan Chemical Fiber Co., Ltd. from Haining Haitai New Materials Technology Co., Ltd., Yang Jianwei, Huang Diaohui and Sun Yaodong.
April 14, 2023
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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.
Guangdong Modern High-tech Fiber Co., Ltd (SZSE:300876) completed the acquisition of 51% stake in Haining Guangyuan Chemical Fiber Co., Ltd. from Haining Haitai New Materials Technology Co., Ltd., Yang Jianwei, Huang Diaohui and Sun Yaodong on April 14, 2023.
Guangdong Modern High-tech Fiber Co Ltd is a China-based company mainly engaged in the research, development, production and sales of polypropylene fiber. The Company's main products are polypropylene filaments, including conventional fibers and differential fibers. Its products are mainly used in luggage webbing in the civil field, industrial filter cloth in the industrial field, and water pipe cloth cover and clothing in the civil field. The Company operates its businesses within the domestic market and to overseas markets.
Guangdong Modern High-tech Fiber Co., Ltd completed the acquisition of 51% stake in Haining Guangyuan Chemical Fiber Co., Ltd. from Haining Haitai New Materials Technology Co., Ltd., Yang Jianwei, Huang Diaohui and Sun Yaodong.