Midland New Materials plans to acquire Huihong Technology for 126 million yuan

Huihong Pigment is a research and development manufacturer of new high-performance colorants. The company is mainly engaged in the research and development, production and sales of high-performance organic dyes, pigments and related intermediates and additives. The product has the characteristics of green environmental protection and non-toxic. Products are widely used in various industries such as textile printing and dyeing, coatings, inks, plastic applications and electronic product applications. Recently, Midland Advanced Materials intends to acquire all the shares of Huihong Technology held by all shareholders of Huihong Technology. The overall valuation is about 126 million yuan.

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