Xingfa Group announced that its wholly-owned subsidiary Hubei Xingrui Silicon Materials Co., Ltd. plans to acquire 100% of the shares in Gucheng Xingfa New Materials Co., Ltd., which are wholly-owned subsidiaries of Yichang Xingfa Group Co., Ltd., the controlling shareholder of the company, and Yichang Xinghe Chemical Co., Ltd., with a transaction consideration of 329 million yuan.
兴发集团：子公司拟3.29亿元收购谷城兴发100%股权
Xingfa Group: The subsidiary plans to acquire 100% of Gucheng Xingfa's shares for 329 million yuan
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