# APAR Industries to acquire 70% stake in Chinese cable manufacturer for RMB 24.85M

APAR Industries, through its subsidiary Petroleum Specialities Pte Ltd, will acquire a 70% equity stake in a Chinese cable manufacturer for RMB 24.85 million.

- Type: Acquisition
- Announced: 2026-10-31
- Where: China
- Value: $3.50M (24.9M CNY)
- Status: announced
- Products: cables
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Apar Industries Limited](https://endata.com/companies/29109.md) (acquirer)

## Sources

- [futuresenseindia.com](https://futuresenseindia.com/mergers-acquisitions/), 2026-11-09: "APAR Industries Limited has announced an international expansion initiative through its wholly owned subsidiary, Petroleum Specialities Pte Ltd (PSPL), which will acquire a 70% equity stake…"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.