Liaoning Xinde New Material Technology Co., Ltd. completed the acquisition of 49% stake in Chengdu Yutai New Material Technology Co., Ltd. from Zhao Lei, Chen Hong and Wang Zhong.
June 30, 2023
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Liaoning Xinde New Material Technology Co., Ltd. (SZSE:301349) agreed to acquire 49% stake in Chengdu Yutai New Material Technology Co., Ltd. from Zhao Lei, Chen Hong and Wang Zhong for approximately CNY 130 million on April 3, 2023. Zhao Lei will transfer 32% stake, Chen Hong will transfer 14% stake and Wang Zhong will transfer 3% stake. Transaction has been approved by Liaoning Xinde New's board. Liaoning Xinde New Material intends to use over-raised funds for the acquisition. For the period December 31, 2022, Chengdu Yutai New Material had CNY 284.3847 million of total assets, CNY 160.9223 million of operating income and CNY -0.21859 million of net profit.
Liaoning Xinde New Material Technology Co., Ltd. (SZSE:301349) completed the acquisition of 49% stake in Chengdu Yutai New Material Technology Co., Ltd. from Zhao Lei, Chen Hong and Wang Zhong on June 30, 2023.
Liaoning Xinde New Material Technology Group Co Ltd, formerly Liaoning Xinde New Material Technology Co Ltd, is a China-based company mainly engaged in the research and development, production and sales of negative electrode coating materials. The negative electrode coating material is a kind of asphalt material with special properties, which can be used as a coating agent and a binder for the production and processing of lithium battery negative electrode materials, to improve the product performance of negative electrode materials. Its products can also be used in the production of pitch-based carbon fiber products. The Company's products also include rubber plasticizers and cracked naphthalene fractions. Among them, cracked naphthalene fractions are by-products obtained in the process of preparing coumarone resin by decompression and oligomerization separation of ethylene tar, which can be used to extract industrial naphthalene, and as carbon black raw material.
Liaoning Xinde New Material Technology Co., Ltd. completed the acquisition of 49% stake in Chengdu Yutai New Material Technology Co., Ltd. from Zhao Lei, Chen Hong and Wang Zhong.