Jiangsu Feymer Technology Co., Ltd. agreed to acquire a 20% stake in Suzhou Jingchang Technology Development Co., Ltd from Suzhou Diansheng New Materials Partnership (Limited Partnership), Nantong Shangtai Enterprise Management Partnership (Limited Partnership) and Zhou Weiguo for approximately CNY 130 million.
June 30, 2022
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Jiangsu Feymer Technology Co., Ltd. (SHSE:688350) agreed to acquire a 20% stake in Suzhou Jingchang Technology Development Co., Ltd from Suzhou Diansheng New Materials Partnership (Limited Partnership), Nantong Shangtai Enterprise Management Partnership (Limited Partnership) and Zhou Weiguo for approximately CNY 130 million on June 29, 2022. Jiangsu Feymer Technology Co., Ltd. intends to use a combination of its own funds and M&A loans. Jiangsu Feymer Technology Co., Ltd. board approved the transaction.
Jiangsu Feymer Technology Co Ltd is a China-based company mainly engaged in the research, development, production and sales of water-soluble polymer products. The Company's main products include water-soluble polymers, functional monomers, membrane separation products, water treatment membranes and membrane application products. The Company's products are mainly used in water treatment, pulp and paper, water treatment, oil and gas mining, mineral processing, textile printing and dyeing, windbreak and sand fixation, agriculture, forestry and water conservation and other industries. The Company also provides external supplies of hydrogen, steam and electricity energy to businesses. The Company mainly conducts its businesses in domestic and overseas markets.
Jiangsu Feymer Technology Co., Ltd. agreed to acquire a 20% stake in Suzhou Jingchang Technology Development Co., Ltd from Suzhou Diansheng New Materials Partnership (Limited Partnership), Nantong Shangtai Enterprise Management Partnership (Limited Partnership) and Zhou Weiguo for approximately CNY 130 million.
JIANGSU FEYMER TECHNOLOGY CO., LTD. 
