Jilin Chemical Fibre Stock Co.,Ltd (SZSE:000420) signed an agreement to acquire additional 31% stake in Jilin Baojing Carbon Material Co., Ltd from Jilin Guoxing New Material Industry Investment Co., Ltd. for approximately CNY 140 million on September 29, 2021. As at July 31, 2021, Jilin Baojing Carbon Material Co., Ltd had total assets worth CNY 1.16 billion and owner's equity worth CNY 328.7 million. Board of Jilin Chemical Fibre Stock approved the transaction unanimously. Jilin Chemical Fibre Stock Co.,Ltd (SZSE:000420) completed the acquisition of an additional 31% stake in Jilin Baojing Carbon Material Co., Ltd from Jilin Guoxing New Material Industry Investment Co., Ltd. for approximately CNY 140 million on September 29, 2021.