Jiangsu Lianyungang Chemical Industrial Park Investment Development Group Co., Ltd. completed the acquisition of Lianyungang Yabang Heat Supply Co., Ltd. from Jiangsu Yabang Dyestuff Co., Ltd..
December 21, 2023
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Jiangsu Lianyungang Chemical Industrial Park Investment Development Group Co., Ltd. agreed to acquire Lianyungang Yabang Heat Supply Co., Ltd. from Jiangsu Yabang Dyestuff Co., Ltd. (SHSE:603188) for CNY 520 million on October 16, 2023. Lianyungang Yabang Heat Supply Co., Ltd. reported total assets of CNY 352.02 million and net assets of CNY 299.33 million on June 30, 2023. Jiangsu Yabang Dyestuff Co., Ltd. (SHSE:603188) board of directors approved the transaction and does not need the Shareholders? Approval. Jiangsu Lianyungang Chemical Industrial Park Investment Development Group Co., Ltd. acquire Lianyungang Yabang Heat Supply Co., Ltd. from Jiangsu Yabang Dyestuff Co., Ltd. (SHSE:603188) on December 22, 2023.
Jiangsu Lianyungang Chemical Industrial Park Investment Development Group Co., Ltd. completed the acquisition of Lianyungang Yabang Heat Supply Co., Ltd. from Jiangsu Yabang Dyestuff Co., Ltd. (SHSE:603188) on December 22, 2023.
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 Lianyungang Chemical Industrial Park Investment Development Group Co., Ltd. completed the acquisition of Lianyungang Yabang Heat Supply Co., Ltd. from Jiangsu Yabang Dyestuff Co., Ltd..