Jiangsu Dagang Co., Ltd. agreed to acquire 52.81% stake in Zhenjiang Xinna Environmental Protection Materials Co., Ltd. from Jiangsu Cnano Technology Co., Ltd. for approximately CNY 100 million.
September 10, 2023
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Jiangsu Dagang Co., Ltd. (SZSE:002077) agreed to acquire 52.81% stake in Zhenjiang Xinna Environmental Protection Materials Co., Ltd. from Jiangsu Cnano Technology Co., Ltd. (SHSE:688116) for approximately CNY 100 million on September 10, 2023. As of May 31, 2023, Zhenjiang Xinna Environmental Protection Materials Co., Ltd. generated total assets of CNY 115.3 million and net assets of CNY 76.5 million. The transaction is approved by board of directors of Jiangsu Cnano Technology Co., Ltd. and is subject to share shareholders approval.
Jiangsu Cnano Technology Co Ltd is a China-based company mainly engaged in the research and development (R&D), production and sales of nano carbon materials and related products. The Company's main products include carbon nanotube powder, carbon nanotube conductive paste, graphene composite conductive paste, carbon nanotube conductive masterbatch and others. The Company's products are mainly used in lithium batteries, conductive plastics and other fields, and finally applied in new energy vehicles, computer, communication and consumer (3C) products, energy storage batteries and other products. The Company's products are mainly sold to domestic and international markets.
JIANGSU CNANO TECHNOLOGY CO., LTD. 
