◂ Announcements

Plastics and Polymersworld trade 2024+3.9% 5Y CAGR

Sep 19, 2023ACQUISITIONZhaoqing, Guangdong, China

Downey Science & Technology to acquire Guangdong Modern Engineering Plastics for ¥97M

Downey Science & Technology Co., Ltd. (Daowen Gufen) plans to acquire 100% of Guangdong Modern Engineering Plastics Co., Ltd. for ¥97 million to optimize its regional layout in South China.

Value

$13.3M (97.0M CNY)

Status

Announced

Productshigh-performance special plastic products

CompaniesDowney Science & Technology acquirer Guangdong Modern Engineering Plastics target

Sectors#Plastics and Polymers

“本次收购广东现代，有利于公司优化产业区域布局，提升公司综合竞争力，促进公司经营发展，符合公司的战略发展规划。”finance.ifeng.com

1 source
finance.ifeng.com道恩股份拟9700万元收购广东现代优化华南区域产业布局_凤凰网Sep 19, 2023

Summarized from public sources; check the original articles before acting on it.

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