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Dawn Polymer, a subsidiary of Dawn Group, acquired 100% equity of Guangdong Hyundai Engineering Plastic Co., Ltd. and initially plans to invest CNY 350 million to build new energy and electronic communications polymer new materials projects at the Zhaoqing base in Guangdong Province.
Dawn Polymer has acquired 100% equity of Guangdong Hyundai Engineering Plastic Co., Ltd. for CNY 97 million, making it a wholly-owned subsidiary. The acquisition aims to expand Dawn Polymer's presence in the South China region and reduce transportation costs.