# 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.

- Type: Acquisition
- Announced: 2021-07-25
- Where: China
- Value: $290.0M (1.88B CNY)
- Status: announced
- Capacity: 600,000 T/A ABS
- Products: ABS (acrylonitrile butadiene styrene)
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Jinfa Technology](https://endata.com/companies/56649.md) (acquirer)
- [Bora New Materials](https://endata.com/companies/56650.md) (target)

## Sources

- [equalocean.com](https://www.equalocean.com/briefing/20210725230062748), 2021-07-25: "This transaction is conducive to the company's entry into ABS and other upstream raw material industries."

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