China’s Ningxia Yinglite Chemical buys Yinglite Specialty Resin

04 July 2012 10:30  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Ningxia Yinglite Chemical has acquired Ningxia Yinglite Specialty Resin, a source from Ningxia Yinglite Chemical said on Wednesday.

Ningxia Yinglite Chemical purchased Ningxia Yinglite Specialty Resin from Guodian Younglight Energy Chemical Group with yuan (CNY) 130.31m ($20.5m), and the acquisition was completed on 3 July, the source added.

Ningxia Yinglite Chemical is now the sole shareholder of Ningxia Yinglite Specialty Resin.

Both companies are located at Yinchuan in Ningxia province, northwest China.

($1 = CNY 6.36)

By: Dolly Wu
+65 6780 4359

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