Rianlon to Invest 50 Million Yuan in Composite Materials Maker Stolfo

MT Newswires Live

11/28

Rianlon (SHE:300596) plans to invest 50 million yuan to subscribe for newly increased capital in Shenzhen Stolfo New Materials Technology, according to a Shenzhen Stock Exchange filing after market hours on Thursday.

The investment is part of a larger capital increase deal that values Stolfo at 200 million yuan post-transaction.

Rianlon will hold a 25% stake in the manufacturer of interface composite materials, insulating materials and sealing materials following the transaction.

Rianlon produces anti-aging additives and technologies for polymer materials.

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