Kangda New Materials Signs LOI for Majority-Stake Acquisition of Zhongke Huami; Shares Down 4%

MT Newswires Live

2025/06/20

Kangda New Materials (SHE:002669) signed a letter of intent (LOI) to acquire at least a 51% stake of Chengdu-based Zhongke Huami, a specialist in high-reliability integrated circuits for defense and aerospace.

Final agreement is subject to due diligence, approvals, and pricing consensus, according to a Friday filing with the Shenzhen bourse.

Shares of the structural adhesives manufacturer were down 4% in recent trade.

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