Jinfa Technology to acquire 51.09% stake in Bora New Materials

Jinfa Technology plans to acquire a 51.09% stake in Bora New Materials for RMB 1.88 billion (RMB 1.41 billion for equity and RMB 470 million capital increase). Bora is building a 600,000 T/A ABS project.

“This transaction is conducive to the company's entry into ABS and other upstream raw material industries.”equalocean.com

• 1 source
• equalocean.comJinfa Technology: it will acquire 51.09% equity of Bora new materials and enter the upstream raw material industry | EqualOceanJul 25, 2021

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