# 环球新材国际 acquires 42.45% stake in Korean pearlescent pigment maker CQV

环球新材国际 (Global New Material International) announced it will acquire a 42.45% stake in Korean KOSDAQ-listed CQV for about 470 million yuan, becoming the single largest shareholder. CQV is the largest pearlescent material company in South Korea.

- Type: Acquisition
- Announced: 2023-01-27
- Where: South Korea
- Value: $70.0M (470.0M CNY)
- Status: announced
- Products: pearlescent pigments, synthetic mica
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [CQV](https://endata.com/companies/64208.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/866918.html), 2023-01-27: "公司将与韩国KOSDAQ上市公司CQV达成并购协议，以约4.7亿元人民币收购CQV部分股份。"

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