Chengdu Guibao Science & Technology Co.,Ltd. entered into Equity Acquisition Agreement to acquire 6.76% stake in Jiangsu Jaour Hot Melt Adhesive Co., Ltd. from Rugao Jiabo Investment Center Partnership (Limited Partnership) and Rugao Jiasheng Investment Center Partnership (Limited Partnership) for CNY 32.5 million.
June 12, 2024
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Chengdu Guibao Science & Technology Co.,Ltd. (SZSE:300019) entered into Equity Acquisition Agreement to acquire 6.76% stake in Jiangsu Jaour Hot Melt Adhesive Co., Ltd. from Rugao Jiabo Investment Center Partnership (Limited Partnership) and Rugao Jiasheng Investment Center Partnership (Limited Partnership) for CNY 32.5 million on June 11, 2024. A cash consideration of CNY 32.46 million will be paid by Chengdu Guibao Science & Technology Co.,Ltd. As part of consideration, CNY 32.46 million is paid towards common equity of Jiangsu Jaour Hot Melt Adhesive Co., Ltd. In related transaction Chengdu Guibao Science & Technology Co.,Ltd. plans to acquire 93.2% stake in Jiangsu Jaour Hot Melt Adhesive Co., Ltd via separate agreements. Transaction has already been approved by Chengdu Guibao Science & Technology's Board of director's.
Chengdu Guibao Science & Technology Co Ltd is a China-based company mainly engaged in the research and development (R&D), production and sales of new materials such as silicone sealant. The Company's products include silicone sealant and silane coupling agent. The silicone sealant products include construction adhesives and industrial adhesives. The construction adhesives are mainly used in building curtain walls, insulating glass, energy-saving doors and windows, prefabricated buildings, interior decoration, airport roads and bridges and other fields. The industrial adhesives are mainly used in electronic and electrical appliances, photovoltaic, electric power, automobile and other fields. The silane coupling agent is mainly used in sealant, artificial quartz, glass fiber, coating ink, metal surface treatment agent and other fields.
Chengdu Guibao Science & Technology Co.,Ltd. entered into Equity Acquisition Agreement to acquire 6.76% stake in Jiangsu Jaour Hot Melt Adhesive Co., Ltd. from Rugao Jiabo Investment Center Partnership (Limited Partnership) and Rugao Jiasheng Investment Center Partnership (Limited Partnership) for CNY 32.5 million.