Tosoh Corporation agreed to acquire 5% stake in KH Neochem Co., Ltd..
November 25, 2019
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Tosoh Corporation (TSE:4042) agreed to acquire 5% stake in KH Neochem Co., Ltd. (TSE:4189) from major shareholders on November 26, 2019. Tosoh Corporation will acquire 1.8 million shares of KH Neochem Co., Ltd. The transaction is expected to be completed on November 29, 2019.
KH Neochem Co Ltd is a Japan-based company engaged in the manufacture and sale of petrochemicals. The Company's business is divided into three business units. The basic chemical businessâs main products include butyl alcohols, octyl alcohols and butyl acetates. The business is involved in the provision for the manufacture of paints, inks, commodity resins, plasticizers, detergents and others. The performance material businessâs main products include isononanoic acids and octylic acids, among others. The business is involved in the provision of raw materials for surfactants, water-based paints, cosmetics, pesticides, as well as pharmaceutical products. The electronic material businessâs main products include propylene glycol methyl ether-pure (PM-P) and propylene glycol methyl ether acetate-pure (PMA-P). The business is involved in the provision for semiconductors, display materials and optical materials, among others.
KH NEOCHEM CO., LTD. 
