Huafon Spandex to acquire Huafon New Material for 12 billion yuan

Huafon Spandex plans to acquire 100% of Huafon New Material from Huafon Group and others for 12 billion yuan, in a related-party transaction. The deal includes a cash payment of 1.2 billion yuan to the controlling shareholder family.

“华峰氨纶披露重大资产重组预案。公司拟采取发行股份及支付现金方式收购浙江华峰新材料股份有限公司（简称华峰新材）100%股权。”fortunepaper.cn

• 2 sources
• fortunepaper.cn华峰氨纶120亿收购控股股东资产 标的净利或大幅缩水_中国财富网Jun 28, 2019
• schcnc.com华峰氨纶拟120亿并购华峰新材-上海苍洪实业有限公司Jul 2, 2019

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