Wangneng Environmental’s subsidiary plans to acquire 77% of Nantong Huili for 331 million yuan

Nanhui Rubber is a large-scale reclaimed rubber manufacturer. The company is mainly engaged in the research and development, production and sales of reclaimed rubber products. The main products are butyl reclaimed rubber, EPDM reclaimed rubber, environmentally friendly tire reclaimed rubber, tire reduced rubber, and light-colored reclaimed rubber. , tire rubber powder, etc., the products are suitable for various rubber products such as tires, rubber sheets, rubber hoses, tapes, rubber shoes, etc. Recently, Nanhui Rubber was acquired by Wangneng Environment for 331 million yuan, with a post-investment valuation of 430 million yuan, accounting for 77%.

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