Jiangxi Black Cat Carbon Black (SHE:002068) plans to fully acquire chemical product producer Hancheng Black Cat Carbon for 4.1 million yuan, according to a Shenzhen Stock Exchange disclosure on Friday.
Hancheng Black Cat was established in 2002 in partnership with coal miner Shaanxi Yellow River Mining (Group).
The Chinese chemical product manufacturer will acquire the remaining 4% of Hancheng Black Cat from Yellow River Mining.
The company's shares rose less than 2% in recent trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.