# Xinlun Technology to acquire 45% stake in Akron Polymer Systems for $9.9M

Xinlun Technology's Hong Kong subsidiary will acquire 45% of Akron Polymer Systems for $9.9 million, becoming the largest shareholder. The deal includes a joint venture to form a polymer materials technology incubation platform in Shenzhen.

- Type: Acquisition
- Announced: 2017-12-11
- Where: United States
- Value: $9.90M
- Status: announced
- Products: LCD optical compensation films, polyimide materials
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Xinlun Technology](https://endata.com/companies/25508.md) (acquirer)
- [Akron Polymer Systems](https://endata.com/companies/28714.md) (target)

## Sources

- [chnfund.com](https://www.chnfund.com/article/AR2017121119300263619768), 2017-12-11: "新纶科技子公司香港新纶拟通过受让阿克伦公司相关股东持有的45%的股份的方式来实施此次交易，交易双方约定该等45%股票的购买价格为990万美元。"

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