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Changhong Polymer (605008.SH) plans to acquire 100% equity of Guangxi Changke New Materials Co., Ltd. through shares, convertible bonds, and cash. Guangxi Changke produces special synthetic resins including transparent ABS.
“transparent ABS is the first industrialized mass production process in mainland China using the bulk method, breaking the foreign monopoly on the production process of transparent ABS and enabling import substitution”longbridge.com
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