Guizhou RedStar Developing Co.,Ltd. completed the acquisition of 75% stake in Qingdao Red Butterfly Precision Materials Co., Ltd. from Qingdao Redstar Chemical Group Company Ltd.
November 29, 2022
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Guizhou RedStar Developing Co.,Ltd. (SHSE:600367) agree to acquire acquire 75% stake in Qingdao Red Butterfly Precision Materials Co., Ltd. from Qingdao Redstar Chemical Group Company Ltd, Guizhou RedStar Developing Co.,Ltd. (SHSE:600367) signed an agreement to acquire 75% stake in Qingdao Red Butterfly Precision Materials Co., Ltd. from Qingdao Redstar Chemical Group Company Ltd. for CNY 405 million on October 27, 2022. As per the terms of agreement, Guizhou RedStar Developing will pay first installment of CNY 300 million within five working days from the date of signing the agreement and second installment of CNY 106.96428 will pay within one year from signing the agreement.
Guizhou RedStar Developing Co.,Ltd. (SHSE:600367) completed the acquisition of 75% stake in Qingdao Red Butterfly Precision Materials Co., Ltd. from Qingdao Redstar Chemical Group Company Ltd. on November 30, 2022.
Guizhou Redstar Developing Co Ltd is a China-based company principally engaged in the research and development, production and sales of barium salts, strontium salts and manganese series products. Barium salt products mainly include multi-specification special barium carbonate, various types of barium sulfate, high-purity barium carbonate, high-purity barium chloride, and high-purity barium nitrate. Strontium salt products mainly include strontium carbonate, strontium nitrate, strontium chloride, and hydroxide. Strontium, high-purity strontium carbonate, and manganese products mainly include EMD, high-purity manganese sulfate and other products for primary batteries and lithium batteries. The Company is also engaged in the production and sales of battery-grade lithium carbonate and by-products sulfur, thiourea and sodium sulfide, as well as the natural pigment industry.
Guizhou RedStar Developing Co.,Ltd. completed the acquisition of 75% stake in Qingdao Red Butterfly Precision Materials Co., Ltd. from Qingdao Redstar Chemical Group Company Ltd.
GUIZHOU REDSTAR DEVELOPING CO.,LTD. 
