China Kings Resources Group (603505.SH) to Acquire 15.71% Stake in Noah Fluorochemical for 257 Million Yuan, Becoming Second-Largest Shareholder

Stock News12-21 17:00

China Kings Resources Group Co., Ltd. (603505.SH) announced its plan to acquire a 15.7147% equity stake in Zhejiang Noah Fluorochemical Co., Ltd. ("Noah Fluorochemical") for 257 million yuan in cash. The shares will be purchased from six shareholders, including Shaoxing Shangyu Longcang Equity Investment Partnership (Limited Partnership), collectively referred to as the "transferors." The acquired stake corresponds to 13.106 million yuan in registered and paid-in capital.

Upon completion of the transaction, China Kings Resources will become Noah Fluorochemical's second-largest shareholder with a 15.7147% ownership interest, trailing the largest shareholder by a mere 0.1415 percentage point.

This strategic investment aligns with the company's "Resource + Technology" dual-drive strategy and its vertical integration plan for high-value fluorochemical products. Leveraging its core advantages in upstream fluorite mining and basic fluorochemical production, China Kings aims to expand into high-growth fine fluorochemical sectors. The move represents a critical step in the company's downstream strategic extension, value chain deepening, and industrial consolidation as a leading upstream fluorochemical enterprise.

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