Cheerwin to Acquire Insecticide Maker Hebei Kangda

MT Newswires Live

01/02

Cheerwin Group (HKG:6601) said it agreed to acquire Hebei Kangda for HK$495 million, according to a Hong Kong bourse filing Wednesday.

Shares of the household insecticides and repellents maker were up 2% at close on Friday.

Hebei Kangda operates in the insecticides space, and the acquisition will help with Cheerwin's market competitiveness, the firm said.

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