Jiangsu Yabang Dyestuff Co., Ltd. agreed to acquire 70.6% in Jiangsu Henglong Crop Protection Co., Ltd. from a group of shareholders for approximately CNY 900 million.
January 19, 2018
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Jiangsu Yabang Dyestuff Co., Ltd. (SHSE:603188) agreed to acquire 70.6% in Jiangsu Henglong Crop Protection Co., Ltd. from a group of shareholders for approximately CNY 900 million on January 19, 2018. The deal is subject to approval from shareholders of Jiangsu Yabang Dyestuff Co., Ltd. The Board of Directors and supervisory board of Jiangsu Yabang Dyestuff Co., Ltd. approved the deal on January 19, 2018. On February 5, 2018, the shareholders of Jiangsu Yabang Dyestuff Co., Ltd. approved the deal.
Jiangsu Yabang Dyestuff Co Ltd, formerly JIANGSU YABANG DYESTUFF.,LTD, is a China-based company principally engaged in the research, production, operation and sales of textile dyes and dye intermediates. The Company provides over 200 types of products, including anthraquinone structure disperse dyes and vat dyes. The Company also provides specialty chemicals, such as benzoyl chloride through its subsidiaries. Its products are mainly applied in textile fabrics and specialization of textile dyeing. The Company distributes its products within domestic market and to overseas markets.
Jiangsu Yabang Dyestuff Co., Ltd. agreed to acquire 70.6% in Jiangsu Henglong Crop Protection Co., Ltd. from a group of shareholders for approximately CNY 900 million.
JIANGSU YABANG DYESTUFF CO., LTD. 
