Red Avenue New Materials Group Co., Ltd. (SHSE:603650) acquired Phenolic resins plant from Hexion Inc. on March 8, 2021. Euan Rellie, Jeffrey Wang, Alex Ditchfield and Zac Chartier of BDA Partners acted as financial advisor for Hexion Inc. Red Avenue New Materials Group Co., Ltd. (SHSE:603650) completed the acquisition of Phenolic resins plant from Hexion Inc. on March 8, 2021.