Zhejiang Donghang Holding Group Co., Ltd. completed the acquisition of an additional 6.64% of stake in Hangzhou Gaoxin Rubber & Plastic Materials Co., Ltd. from Gaoxing Holding Group Corporation.
July 18, 2022
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Zhejiang Donghang Holding Group Co., Ltd. agreed to acquire additional 6.64% of stake in Hangzhou Gaoxin Rubber & Plastic Materials Co., Ltd. (SZSE:300478) from Gaoxing Holding Group Corporation for CNY 87.9 million on May 19, 2022. Zhejiang Donghang Holding Group Co., Ltd. will use its own funds for the acquisition consideration.
Zhejiang Donghang Holding Group Co., Ltd. completed the acquisition of an additional 6.64% of stake in Hangzhou Gaoxin Rubber & Plastic Materials Co., Ltd. (SZSE:300478) from Gaoxing Holding Group Corporation on July 18, 2022.
Hangzhou Gaoxin Materials Technology Co Ltd, formerly Hangzhou Gaoxin Rubber & Plastic Materials Co Ltd, is a China-based company mainly engaged in the research, development, production and sales of polymer materials for cables. The Company's main products include special Polyvinyl chloride (PVC) cable materials, special polyethylene and cross-linked polyethylene cable materials, halogen-free low-smoke flame retardant cable materials, rubber-plastic modified elastomers, general PVC cable materials and chemical cross-linked cable material. The Company's products are mainly used in power grids, solar energy, nuclear power, wind energy, hydropower, rail transit, ships, mining, communications, construction, aerospace and other fields. The Company mainly conducts its businesses in the domestic market.
Zhejiang Donghang Holding Group Co., Ltd. completed the acquisition of an additional 6.64% of stake in Hangzhou Gaoxin Rubber & Plastic Materials Co., Ltd. from Gaoxing Holding Group Corporation.
HANGZHOU GAOXIN MATERIALS TECHNOLOGY CO., LTD. 
