Sanxiang Advanced Materials Co., Ltd. agreed to acquirte 15% stake in Liaoning Huagao New Materials Co., Ltd. from Shi Zhengjun & Jiao Xizhang for CNY 37.50 million.
June 17, 2022
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Sanxiang Advanced Materials Co., Ltd. (SHSE:603663) agreed to acquirte 15% stake in Liaoning Huagao New Materials Co., Ltd. from Shi Zhengjun & Jiao Xizhang for CNY 37.50 million on June 17, 2022. Sanxiang Advanced Materials Co., Ltd. (SHSE:603663) Will pay 51% of the transaction price within 1 month after the completion of the registration modification. Will pay 49% of the transaction price before September 30, 2022.
Sanxiang Advanced Materials Co., Ltd. is a China-based company principally engaged in the research, design, production and distribution of fused zirconia, casting modified materials, as well as single crystal fused alumina abrasive materials, among others. The Companyâs products include zirconia series products, single crystalline fused alumina series products, cored wire series products, nucleating agent (inoculant) series products, nodulizer series products and silica fume powder series products. The Company operates its business within domestic and overseas markets, including America, Canada, Brazil, France, Italy, Japan, South Korea, Australia, Indonesia, Taiwan and other countries and areas.
Sanxiang Advanced Materials Co., Ltd. agreed to acquirte 15% stake in Liaoning Huagao New Materials Co., Ltd. from Shi Zhengjun & Jiao Xizhang for CNY 37.50 million.
SANXIANG ADVANCED MATERIALS CO., LTD. 
