Controlling shareholder to take China XD Plastics private for $80M

The controlling shareholder of China XD Plastics will acquire all outstanding shares for $1.20 per share, valuing the company at approximately $80 million. The transaction is expected to close in Q3 2020.

“The controlling shareholder will acquire all of the outstanding shares of the Company at a merger consideration equal to US$1.20 per share, representing an aggregate equity value of approximately US$80 million.”omm.com

• 1 source
• omm.comO’Melveny Represents Buyer Group in Going Private Transaction of China XD Plastics - O'MelvenyJun 16, 2020

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