Malion New Materials Co., Ltd. completed the acquisition of 51% stake in Chengdu First New Materials Co., Ltd from Peng Zhiyuan.
February 02, 2021
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Malion New Materials Co., Ltd. (SZSE:300586) signed an Equity Transfer Agreement to acquire 51% stake in Chengdu First New Materials Co., Ltd from Peng Zhiyuan for CNY 18.7 million on January 21, 2021. After transaction Peng Zhiyuan will hold 47%, Xue Yan will hold 2% and Malion New Materials will hold 51% stake in Chengdu First. As of September 30, 2020, Chengdu First had total assets of CNY 31.2 million and net assets of CNY 29.6 million. The transaction has been approved by the Malion New’s chairman and does not need to be submitted to the Malion New’s board of directors and the shareholders’ meeting for review and approval.
Malion New Materials Co., Ltd. (SZSE:300586) completed the acquisition of 51% stake in Chengdu First New Materials Co., Ltd from Peng Zhiyuan on February 2, 2021.
Malion New Materials Co Ltd is a company engaged in research and development, production and sales of polymer composite coloring materials, and provision of related technical services. The Company operates three segments, including Masterbatch and Related Products segment, Cyanuric Products and Related Products segment and Other segment. Its products include white masterbatch, black masterbatch, color masterbatch, functional masterbatch and cyanuric chloride. The masterbatch products are used in packaging materials, daily plastic products, personal care materials and medical device materials. The cyanuric chloride products are used in dry field pesticide herbicides, optical brighteners, pigments and other industries.
MALION NEW MATERIALS CO., LTD. 
