Dalian Pengcheng Investment Co., Ltd. acquired 85.9% stake in Sanyo-Touchi Rubber Co., Ltd. from Sanyo Trading Co., Ltd..
April 08, 2021
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Dalian Pengcheng Investment Co., Ltd. signed an agreement to acquire 85.9% stake in Sanyo-Touchi (Shanghai) Rubber Co., Ltd. from Sanyo Trading Co., Ltd. (TSE:3176) on March 31, 2021. The financials of Sanyo-Touchi (Shanghai) Rubber for the financial year 2020 are total assets of CNY 20.8 million, net assets of CNY 9.11 million and revenues of 20.9 million.
Dalian Pengcheng Investment Co., Ltd. completed the acquisition of 85.9% stake in Sanyo-Touchi (Shanghai) Rubber Co., Ltd. from Sanyo Trading Co., Ltd. (TSE:3176) on April 9, 2021.
Sanyo Trading Co., Ltd. is engaged in the trading of rubber, chemicals, machinery equipment, scientific equipment and automobile parts. The Company operates in four segments. The Chemical segment offers synthetic rubber, auxiliary materials for rubber, natural rubber, medical-related materials, plasticizer, resin tube, reclaimed rubber, adhesives, synthetic resins, ink, industrial gases, pesticides, ceramics, various films, pigment, pharmaceutical intermediates, perfumes and surfactants, among others. The Machinery and Equipment segment offers environment-related equipment, test equipment, measuring equipment, industrial instrumentation, thermal processing equipment and others. The Overseas Subsidiary segment offers synthetic rubber, natural rubber, medical-related materials and various films, among others. The Domestic Subsidiary segment offers industrial drugs, oil drilling devices and others. The Domestic Subsidiary segment provides oil, natural gas and geothermal drilling products.