Wuzhou Special Paper Group Co., Ltd. (SHSE:605007) agreed to acquire 75% stake in Zhejiang Kaifeng Specialty Paper Co., Ltd. from Zhejiang Kaifeng New Material Limited By Share Ltd. for CNY 52.5 million on August 7, 2023. Zhejiang Kaifeng Specialty Paper reported total assets of CNY 156,433,240.79 and net assets of CNY 68,698,360.22 as at May 31, 2023.

Wuzhou Special Paper Group Co., Ltd. (SHSE:605007) completed the acquisition of 75% stake in Zhejiang Kaifeng Specialty Paper Co., Ltd. from Zhejiang Kaifeng New Material Limited By Share Ltd. on August 16, 2023.