Hunan Sokan New Materials Co., Ltd. cancelled the acquisition of a 70% stake in Guangdong Ruitu Fine Chemical Co., Ltd. from Gongqingcheng Zhisheng Investment Partnership (Limited Partnership) and Yang Xianghong.
May 15, 2022
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Hunan Sokan New Materials Co., Ltd. (SHSE:688157) agreed to acquire 70% stake in Guangdong Ruitu Fine Chemical Co., Ltd. from Gongqingcheng Zhisheng Investment Partnership (Limited Partnership) and Yang Xianghong on March 8, 2022. In the related transaction Hunan Sokan New Materials Co., Ltd. (SHSE:688157) issued shares to support the acquisition.
Hunan Sokan New Materials Co., Ltd. (SHSE:688157) cancelled the acquisition of a 70% stake in Guangdong Ruitu Fine Chemical Co., Ltd. from Gongqingcheng Zhisheng Investment Partnership (Limited Partnership) and Yang Xianghong on May 16, 2022.
Sokan New Materials Group Co Ltd, formerly Hunan Sokan New Materials Co Ltd, China-based company mainly engaged in the production and sales of coatings. The Company is engaged in providing multi-category systematic solutions such as coatings, inks and adhesives for the consumer electronics and passenger automobile fields. Coating products include a series of water-based coatings, silicone coatings and tactile coatings. Ink products include protective inks, decorative inks and a series of water-based inks.
Hunan Sokan New Materials Co., Ltd. cancelled the acquisition of a 70% stake in Guangdong Ruitu Fine Chemical Co., Ltd. from Gongqingcheng Zhisheng Investment Partnership (Limited Partnership) and Yang Xianghong.
SOKAN NEW MATERIALS GROUP CO., LTD. 
