Jiangsu Jiuding Group Co., Ltd. acquired an additional 3.2% stake in Jiangsu AMER New Material Co., Ltd. from Shenzhen Yiwei New Material Co., Ltd.
May 09, 2024
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Jiangsu Jiuding Group Co., Ltd. agreed to acquire an additional 3.2% stake in Jiangsu AMER New Material Co., Ltd. (SZSE:002201) from Shenzhen Yiwei New Material Co., Ltd. for CNY 120 million on March 28, 2024. The deal consist of 21 million shares of Jiangsu AMER New Material Co., Ltd. transferred to Jiangsu Jiuding Group Co., Ltd. through auction.
Jiangsu Jiuding Group Co., Ltd. completed the acquisition of an additional 3.2% stake in Jiangsu AMER New Material Co., Ltd. (SZSE:002201) from Shenzhen Yiwei New Material Co., Ltd. on May 10, 2024.
Jiangsu Amer New Material Co Ltd, formerly Jiangsu Jiuding New Material Co Ltd, is a China-based company principally engaged in the manufacture and distribution of glass fiber deep-processing products, glass fiber composites and high-performance fiberglass, high-performance glass fiber reinforced base materials. The Company's products include grinding wheel mesh, grille, pultruded profiles, environmental equipment, storage tanks, wind turbine cabin cover, blades, high modulus of glass fiber and products as well as continuous felt. The Company distributes its products in the domestic market and to overseas markets.