# Li Bang International to acquire 50.1% stake in Jiangsu Xinsheng Synthetic Materials for $23M

Li Bang International agreed on November 3, 2026 to acquire a 50.1% stake in Jiangsu Xinsheng Synthetic Materials for $23 million in cash and 2 million Class A ordinary shares.

- Type: Acquisition
- Announced: 2026-11-03
- Where: Jiangyin City, Jiangsu Province, China
- Value: $23.0M
- Status: announced
- Products: synthetic materials
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Li Bang International](https://endata.com/companies/15477.md) (acquirer)
- [Jiangsu Xinsheng Synthetic Materials](https://endata.com/companies/15478.md) (target)

## Sources

- [sec.gov](https://www.sec.gov/Archives/edgar/data/1896425/000149315226049810/form6-k.htm), 2026-11-03: "The Buyer agreed to purchase from the Sellers an aggregate of fifty point one percent (50.1%) of the issued and outstanding equity interest of the Target Company."
- [rallies.ai](https://rallies.ai/news/li-bang-international-agrees-to-buy-501-stake-in-jiangsu-xinsheng-synthetic-materials-57352311ce7a1887), 2026-11-03: "Li Bang International agreed to acquire a 50.1% stake in Jiangsu Xinsheng Synthetic Materials for $23 million in cash, payable in three installments, and 2 million Class A ordinary shares."

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