24 February 2012 06:59 [Source: ICIS news]
The two companies had signed a framework agreement for the acquisition on 18 January, Zhejiang Satellite said in a statement to the Shenzhen Stock Exchange.
Later Zhejiang Satellite signed a transfer agreement with Zhejiang Julong on 3 February, according to the statement.
The acquisition is part of the strategic development plan of Zhejiang Satellite, an acrylic acid and acrylate esters producer in
($1 = CNY6.30)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections