GCH Technology Co., Ltd. agreed to acquire Tianjin Xindafeng Import and Export Trade Co., Ltd. from Zhang Qian for CNY 19.7 million.
January 09, 2023
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GCH Technology Co., Ltd. (SHSE:688625) agreed to acquire Tianjin Xindafeng Import and Export Trade Co., Ltd. from Zhang Qian for CNY 19.7 million on January 6, 2023. This transaction has been reviewed and approved at the 18th meeting of the 2nd Board of Directors and the 5th meeting of the 3rd Board of supervisors of GCH Technology. The transaction has also been approved by shareholders of Tianjin Xindafeng Import and Export.
Tianjin Xindafeng Import and Export has a total assets of CNY 74.5143 million and net assets of CNY 19.4626 million as of October 31, 2022.
GCH Technology Co Ltd is a China-based company mainly engaged in the manufacture of polymer material additives. The Company's main products nucleating agents, synthetic hydrotalcite and compound additives are key materials for the manufacture of high-performance resins and are at the upstream of the high-performance resin and modified plastics manufacturing industry. The Company's products can improve the general resin products of optical, mechanical properties and to improve the stability of resin products, made of high performance resin products can meet the food packaging contact materials, medical equipment, pharmaceutical packaging, infants and young children, auto parts, lithium battery materials, household appliances household items, lithium batteries, such as building materials like industry safety and environmental requirements.
GCH TECHNOLOGY CO., LTD. 
