Xiao Jian completed the acquisition of a 6.4494% stake in Guangdong Rongtai Industry Co.,Ltd from Jieyang Xingsheng Chemical Materials Co., Ltd.
July 20, 2022
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Xiao Jian agreed to acquire a 6.4494% stake in Guangdong Rongtai Industry Co.,Ltd (SHSE:600589) from Jieyang Xingsheng Chemical Materials Co., Ltd for approximately CNY 100 million on July 13, 2022. Shares will be acquire at CNY 2.23 per share. As a result of transaction, Xiao Jian will increase its stake from 6.5390% to 12.9884%.
Xiao Jian completed the acquisition of a 6.4494% stake in Guangdong Rongtai Industry Co.,Ltd (SHSE:600589) from Jieyang Xingsheng Chemical Materials Co., Ltd on July 21, 2022.
GUANGDONG RONGTAI INDUSTRY CO.,LTD is a China-based company principally engaged in manufacture and distribution of melamine (ML) materials. The Companyâs products mainly include ML materials, phthalic anhydride, methanal, imitation ceramics, phthalic anhydride (PA), dibutyl phthalate (DHP), urotropine, fumaric acid, dioctyl phthalate and others. Its products are applied in kitchenware, tableware, aviation appliances and others. The Company also provides Internet comprehensive services. The Company distributes its products within domestic market and to overseas markets, with Guangdong Province, China as its main market.