Zhejiang Champean Nonwoven Technology Co., Ltd. completed the acquisition of 34% stake in Hangzhou Jiafeng New Material Technology Co., Ltd. from Minfeng Special Paper Co.,Ltd. for CNY 1.02 million.
April 18, 2023
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Zhejiang Champean Nonwoven Technology Co., Ltd. agreed to acquire 34% stake in Hangzhou Jiafeng New Material Technology Co., Ltd. from Minfeng Special Paper Co.,Ltd. (SHSE:600235) on March 3, 2023. Hangzhou Jiafeng New Material Technology reported total assets of CNY 1.45 and net assets CNY 0.87 million on November 30, 2022. Minfeng Special Paper board of directors approved the transaction.
Zhejiang Champean Nonwoven Technology Co., Ltd. completed the acquisition of 34% stake in Hangzhou Jiafeng New Material Technology Co., Ltd. from Minfeng Special Paper Co.,Ltd. (SHSE:600235) for CNY 1.02 million on April 19, 2023.
MINFENG SPECIAL PAPER CO., LTD. is a China-based company principally engaged in the research, development, manufacture and distribution of specialty paper. The Company's main products consist of cigarette paper series, industrial paper, tracing paper series and capacitor paper series, among others. The Company distributes its products in both domestic market and to overseas markets.
Zhejiang Champean Nonwoven Technology Co., Ltd. completed the acquisition of 34% stake in Hangzhou Jiafeng New Material Technology Co., Ltd. from Minfeng Special Paper Co.,Ltd. for CNY 1.02 million.