Caidong Huixin No. 2 Private Equity Investment Fund managed by Zhuhai Hengqin Caidong Fund Management Co., Ltd. acquired 6% stake in Tianyang New Materials Technology Co., Ltd. from Li Mingjian for CNY 130 million.
July 10, 2024
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Caidong Huixin No. 2 Private Equity Investment Fund managed by Zhuhai Hengqin Caidong Fund Management Co., Ltd. acquired 6% stake in Tianyang New Materials (Shanghai) Technology Co., Ltd. (SHSE:603330) from Li Mingjian for CNY 130 million on July 10, 2024. Caidong Huixin will acquire 26 million shares for CNY 5 per share.
Caidong Huixin No. 2 Private Equity Investment Fund managed by Zhuhai Hengqin Caidong Fund Management Co., Ltd. completed the acquisition of 6% stake in Tianyang New Materials (Shanghai) Technology Co., Ltd. (SHSE:603330) from Li Mingjian on July 10, 2024.
Tianyang New Materials Shanghai Technology Co Ltd, formerly Shanghai Tian Yang Hotmelt Adhesives Co Ltd, is a China-based company principally engaged in research and development, manufacture and sales of thermoplastic environmental protection adhesive materials. The Company's main business covers photovoltaic materials, new consumer building materials for home decoration, electronic adhesive materials and thermoplastic green adhesive materials. The Company's products mainly comprise photovoltaic encapsulation films, thermoplastic adhesives, hot-melt wall coverings, curtains, reactive adhesives and other products. The Company's products are mainly used in textiles, automobiles, photovoltaics, electronics, building materials and other industries. The Company conducts its businesses in the domestic market and overseas markets.
Caidong Huixin No. 2 Private Equity Investment Fund managed by Zhuhai Hengqin Caidong Fund Management Co., Ltd. acquired 6% stake in Tianyang New Materials Technology Co., Ltd. from Li Mingjian for CNY 130 million.
TIANYANG NEW MATERIALS (SHANGHAI) TECHNOLOGY CO., LTD. 
