Zhejiang Wansheng Co., Ltd. completed the acquisition of Shandong Hanfeng New Material Technology Co., Ltd. from Xuzhou Zhuoyu Trading Co., Ltd. and Jinshan Holding Co., Ltdon for approximately CNY 110 million.
May 30, 2022
Share
Zhejiang Wansheng Co., Ltd. (SHSE:603010) signed agreement to acquire Shandong Hanfeng New Material Technology Co., Ltd. from Xuzhou Zhuoyu Trading Co., Ltd. and Jinshan Holding (Xuzhou) Co., Ltdfor approximately CNY 110 million on May 30, 2022. As of March 31, 2022, Shandong Hanfeng New Material Technology Co., Ltd. has reported total assets of CNY 315.39 million and net assets of CNY 110.11 million. The Board of Directors of Zhejiang Wansheng Co., Ltd. has approved the transaction.
Zhejiang Wansheng Co., Ltd. (SHSE:603010) signed agreement to acquire Shandong Hanfeng New Material Technology Co., Ltd. from Xuzhou Zhuoyu Trading Co., Ltd. and Jinshan Holding (Xuzhou) Co., Ltdon May 31, 2022.
Zhejiang Wansheng Co.,Ltd is a China-based company principally engaged in the research, development, production and sale of organophosphorus flame retardants. The Company's main products include polyurethane flame retardants (polyurethane soft foam flame retardants and polyurethane foam) and engineering plastics flame retardants. The Company's products are mainly used in the areas of aerospace, automotive, electronics, construction and furniture. The Company distributes its products in domestic market and to overseas markets.
Zhejiang Wansheng Co., Ltd. completed the acquisition of Shandong Hanfeng New Material Technology Co., Ltd. from Xuzhou Zhuoyu Trading Co., Ltd. and Jinshan Holding Co., Ltdon for approximately CNY 110 million.
ZHEJIANG WANSHENG CO., LTD. 
