Jiangsu Yabang Dyestuff Co., Ltd. cancelled the acquisition of Xuzhou Kaida Fine Chemical Co., Ltd.
September 05, 2019
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Jiangsu Yabang Dyestuff Co., Ltd. (SHSE:603188) signed a cooperation letter of intent to acquire Xuzhou Kaida Fine Chemical Co., Ltd. on September 6, 2018. The letter of intent does not need to be considered by the Jiangsu Yabang Dyestuff's board of directors and shareholders meeting. Subsequent signing of the formal agreement Jiangsu Yabang Dyestuff will fulfill relevant decision-making approval procedures in accordance with laws and regulations and the Articles of Association.
Jiangsu Yabang Dyestuff Co., Ltd. (SHSE:603188) cancelled the acquisition of Xuzhou Kaida Fine Chemical Co., Ltd. on September 6, 2019.
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.