Poly Plastic announced that it plans to acquire a total 51% equity stake in Shanghai Keshuda Polymer Materials Co., Ltd. through cash capital increase and equity transfer, with a total transaction consideration of 35.7 million yuan. After the transaction is completed, Keshuda will become a controlling subsidiary of the company and be included in its consolidated financial statements. The target company is mainly engaged in functional masterbatch for films.
Poly Plastic Masterbatch Suzhou CoAcquiring 51% of Keshuda expands its business and consolidates financials.
