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Yubang New Materials buyer to take 34.99% stake in $128.3 million deal

Verifying
  • Suzhou Deling agreed to acquire control of Yubang New Materials from Juxinyuan, Xiao Feng and Lin Min.
  • The buyer will acquire 29.99% for approximately 861 million yuan and tender for another 5%.
  • Jiang Wenquan will replace Xiao Feng and Lin Min as Yubang New Materials’ actual controller.
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