# MALION New Materials to acquire Huihong Pigment for RMB 126 million

MALION announced on March 13 that its subsidiary MALION New Materials will acquire Huihong Pigment in its entirety for approximately RMB 126 million. Huihong will become a wholly-owned subsidiary of MALION New Materials, which plans to use its production line for sodium-ion battery cathode materials.

- Type: Acquisition
- Announced: 2023-03-13
- Where: China
- Value: $18.0M (126.0M CNY)
- Status: announced
- Products: organic dyes, color pigments, Prussian blue compounds for sodium-ion batteries
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Malion New Materials](https://endata.com/companies/45841.md) (acquirer)
- [Huihong Pigment](https://endata.com/companies/69547.md) (target)

## Sources

- [energytrend.com](https://www.energytrend.com/news/20230405-31500.html), 2023-04-05: "MALION announced on March 13 that it subsidiary MALION New Materials will acquire Huihong Pigment in its entirety."

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