Red Avenue New Materials Group Co., Ltd. acquired an additional 35.6% stake in Beijing KeHua Micro-Electronic Material Co., Ltd.
February 23, 2021
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Red Avenue New Materials Group Co., Ltd. (SHSE:603650) acquired an additional 35.6% stake in Beijing KeHua Micro-Electronic Material Co., Ltd. on February 24, 2021. As a result of transaction, Red Avenue New Materials raised ownership in Beijing KeHua Micro-Electronic to 42.3%.
Red Avenue New Materials Group Co., Ltd. (SHSE:603650) completed the acquisition of an additional 35.6% stake in Beijing KeHua Micro-Electronic Material Co., Ltd. on February 24, 2021.
Red Avenue New Materials Group Co., Ltd. is a China-based company principally engaged in the research, development, production, sales and trading of fine chemical materials. The Company's main products are phenolic resins for rubber, including tackifying resins, reinforcing resins and adhesive resins. The Company's products are mainly applied in tires, as well as hoses, adhesive tapes, rubber shoes and other rubber products. The Company is also engaged in the trading of homogenizers, tackifying resins, adhesives, cobalt salts, white carbon, protective waxes, environmentally friendly oils and other processing aids.
RED AVENUE NEW MATERIALS GROUP CO., LTD. 
