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Beijing Dayuan Nonwovens Fabric Corp. signed an equity transfer contract to purchase JNC Nonwovens (Changshu) Co., Ltd., a wholly-owned subsidiary of Japan's JNC Corporation, located in Changshu Economic and Technological Development Zone. The acquisition is expected to be renamed Dayuan New Material Technology (Changshu) Co., Ltd.
“Beijing Dayuan plans to expand its new production base and capacity by purchasing JNC Nonwovens (Changshu) Co., Ltd.”en.bjdayuan.com
Summarized from public sources; check the original articles before acting on it.