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Dowon (Shandong Dawn Polymer) announced it will acquire the plastic and engineering plastic compound business of Hwaseung Chemical Vietnam Co., Ltd. for a tentative total purchase price of US$15.737 million, through its Singapore subsidiary.
“本次交易是公司推进全球化战略、深化海外布局的重要举措,旨在顺应重要客户产业链向越南等区域转移的趋势,通过实现本地化就近供应,巩固战略合作关系、提升客户黏性。”finance.ifeng.com
Summarized from public sources; check the original articles before acting on it.