Bohai Chemical disclosed after market close on August 13 that it plans to acquire no less than 51% and no more than 80% of the shares of Guangdong Gerui New Materials Co., Ltd., a company listed on the National Equities Exchange and Quotations, through a cash transaction. After the deal is completed, Gerui New Materials will become a controlling subsidiary of the company and be included in its consolidated financial statements. The target company is a national-level specialized and innovative 'little giant' enterprise, mainly engaged in modified plastics and precision new energy lithium battery structural parts. It achieved operating revenue of approximately 291 million yuan and net profit of 36.6755 million yuan in 2025, and operating revenue of 260 million yuan and net profit of 33.0436 million yuan in 2024. The counterparties are Zheng Yuhang and Jian Shumei, the actual controllers of Gerui New Materials, who together control 71.76% of the voting rights of the target company. Bohai Chemical stated that this acquisition will help the company move from basic chemicals into modified plastics, a new materials track with higher added value, and promote business transformation and upgrading. The announcement also cautioned that only a letter of intent has been signed so far, and the specific transaction plan still needs to be negotiated and finalized, subject to a formal transaction agreement.
Bohai Chemical plans to acquire controlling stake in Gerui New Materials, a specialized and innovative enterprise, which will become a subsidiary and be consolidated.
