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Sinochem New Network News On February 17, Sibao Technology issued an announcement stating that Anhui Sibao Organic Silicon New Materials Co.
, Ltd.
(“Anhui Sibao”), a wholly-owned subsidiary of the company, cooperated with Jiangsu Kaiyuan Pharmaceutical Co.
, Ltd.
and Anhui Sino Pharmaceutical.
Co.
, Ltd.
("Anhui Sainuo"), Anhui Hexian Economic Development Zone Management Committee, etc.
signed the "Equity Acquisition Intention Agreement"
.
Based on the needs of production and operation, Anhui Silicon Treasure plans to acquire 100% equity of Anhui Sino held by Jiangsu Kaiyuan in cash.
According to public information, both Anhui Silicon Treasure and Anhui Sanuo were established in 2008, and together they entered the fine chemical base in Wujiang Town, Ma'anshan City and County, Anhui Province
.
Among them, Anhui Sibao's business scope includes product development, research, production, and sales of coupling agents, defoaming agents, and electroplating additives
Sibao Technology said that Anhui Sibao's existing silane coupling agent production capacity is 6,100 tons/year, which can no longer meet the growing demand for orders.
