NEWTREND GROUP to Acquire Methanol Distillation Recovery Unit for Glycine Project for RMB 20.5 Million

Stock News
07/14

NEWTREND GROUP (02573) has announced a planned acquisition. On July 14, 2026, the buyer, which is the company's directly wholly-owned subsidiary, NEWTREND GROUP (Jingzhou) New Material Co., Ltd., intends to purchase equipment from the seller, Jiangxi Province Pingxiang Dier Chemical Packing Co., Ltd.

The equipment in question is a methanol distillation recovery unit for a glycine project. This acquisition is for the purpose of constructing the company's glycine production base in Jingzhou. The total cost of the transaction is set at RMB 20.5 million.

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