Healthcare, Consumer Staples Sep 24, 2021 07:08 PM (GMT+8) · EqualOcean
Financial Associated Press, September 24, Lianhong Xinke announced that in order to further implement the company's development strategy in the field of biodegradable materials, the company plans to acquire 8.14% equity of Jiangxi Academy of Sciences new biological materials Co., Ltd. held by the controlling shareholder Lianhong group, with a transaction amount of 28.49 million yuan. After the equity acquisition, the company will hold 51% equity of the target company, and the target company will become the holding subsidiary of the company. At present, the polylactic acid (PLA) project and other work of the target company are advancing orderly according to the progress.
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