Jiangtian Chemical to Take Over Sanyo Chemical's China Unit for 285 Million Yuan

MT Newswires Live

2024-10-01

Nantong Jiangtian Chemical (SHE:300927) plans to acquire San-Dia Polymers (Nantong), a unit of Sanyo Chemical Industries (TYO:4471), for 285 million yuan, according to a Friday filing on the Shenzhen Stock Exchange.

San-Dia Polymers produces and sells superabsorbent resin.

The Chinese chemical products manufacturer will also acquire the superabsorbent resin peripheral technology and trademarks produced by San-Dia Polymers for an undisclosed sum.

Sanyo Chemicals' shares rose less than 2% in recent trade in Tokyo.

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