Shenma Industry Co.Ltd (SHSE:600810) agreed to acquire 9.75% stake in Henan Shenma Puli Materials Co., Ltd. from China Pingmei Shenma Group Nylon Technology Co., Ltd. for CNY 22 million on June 2, 2023. As of September 30, 2022, Henan Shenma Puli Materials Co., Ltd reported total assets of CNY 390 million and total owner's equity of CNY 140 million. The deal has been approved by board of directors and shareholders of Shenma Industry Co., Ltd.