Fulaixin Materials: Plans to acquire a 48.78% stake in Yantai Zhanyang for 21.1837 million yuan

Mars Finance News, April 27 — Folaite New Materials announced that the company plans to use its own funds to acquire 48.78% of the equity in Yantai Zhanyang Packaging Products Co., Ltd. from Ms. Zhao Chong and Ms. Xia Xu, with a total transaction price of 21.1837 million RMB. After this transaction is completed, the company’s ownership stake in Yantai Zhanyang will increase from 51.22% to 100.00%, and Yantai Zhanyang will become a wholly owned subsidiary of the company. (Company Announcement)

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