Hubei Jingfu Industrial Co., Ltd. entered into an agreement to acquire 40% stake in Wuhan STDS Environment Tech Co.,Ltd. from Zanyu Technology Group Co., Ltd. for CNY 160 million.
December 20, 2022
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Hubei Jingfu Industrial Co., Ltd. entered into an agreement to acquire 40% stake in Wuhan STDS Environment Tech Co.,Ltd. from Zanyu Technology Group Co., Ltd. (SZSE:002637) for CNY 160 million on December 20, 2022. Th transaction has been approved by Board of Directors of Zanyu Technology Group Co., Ltd.
Zhejiang Zanyu Technology Co., Ltd. is principally engaged in the research, development, manufacture and distribution of surfactants. The Company also involves in related technology transfer business, technical service provision, testing operations, as well as import and export trading business. The Company primarily provides surfactants, including anion and nonionic surfactants; oleochemicals, including refined glycerine and natural fatty alcohol. Through its subsidiaries, the Company is also engaged in the production and distribution of leather chemicals, textile dyeing and printing auxiliaries, plastic auxiliaries and others. The Company distributes its products in both domestic markets and overseas markets.
Hubei Jingfu Industrial Co., Ltd. entered into an agreement to acquire 40% stake in Wuhan STDS Environment Tech Co.,Ltd. from Zanyu Technology Group Co., Ltd. for CNY 160 million.
ZANYU TECHNOLOGY GROUP CO., LTD. 
