Hubei Jingfu Industrial Co., Ltd. completed the acquisition of 40% stake in Wuhan STDS Environment Tech Co.,Ltd. from Zanyu Technology Group Co., Ltd..
December 28, 2022
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Hubei Jingfu Industrial Co., Ltd. entered into an agreement to acquire 40% stake in Wuhan STDS Environment Tech Co.,Ltd. from Zanyu Technology Group Co., Ltd. (SZSE:002637) for CNY 160 million on December 20, 2022. Th transaction has been approved by Board of Directors of Zanyu Technology Group Co., Ltd.
Hubei Jingfu Industrial Co., Ltd. completed the acquisition of 40% stake in Wuhan STDS Environment Tech Co.,Ltd. from Zanyu Technology Group Co., Ltd. (SZSE:002637) on December 29, 2022.
Zanyu Technology Group Co Ltd is a China-based company primarily engaged in the production and sales of surfactants and oleochemicals. The Company mainly operates three businesses. The surfactant business mainly engages in the production and sales of anionic surfactants, nonionic surfactants and amphoteric surfactants. The oleochemicals business mainly engages in the production and sales of hydrogenated oil, fatty acid, fatty acid ester, glycerin, stearate and other products. The cleaning products original equipment manufacturer (OEM)/original design manufacturer (ODM) business mainly engages in OEM and ODM processing services for formula customization, packaging design and production processing of daily cleaning products. The Companyâs other business includes trading and other businesses. The Company conducts its business in the domestic and overseas markets.
Hubei Jingfu Industrial Co., Ltd. completed the acquisition of 40% stake in Wuhan STDS Environment Tech Co.,Ltd. from Zanyu Technology Group Co., Ltd..