# Anjieli Industrial acquires 48% stake in Jiujiang Flex

Anjieli Industrial, through its subsidiary Anjieli Panyu, acquired a 38% stake in Jiujiang Flex from Changjiang Chemical for RMB 22.31 million and a 10% stake from Jinglong for RMB 5.87 million, totaling 48% ownership. Jiujiang Flex produces flexible copper-clad laminates for circuit boards.

- Type: Acquisition
- Announced: 2019-03-22
- Where: Jiujiang, China
- Value: $4.20M (28.2M CNY)
- Status: completed
- Products: flexible copper-clad laminates, flexible circuit boards
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Anjieli Industrial](https://endata.com/companies/38155.md) (acquirer)
- [Jiujiang Flex](https://endata.com/companies/38156.md) (target)
- [Changjiang Chemical](https://endata.com/companies/38157.md) (partner)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/190751.html), 2019-03-22: "收购事项将有助公司把握新物料研发的先导优势，并让公司作好准备迎接5G网络时代。"

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