DyStar moves to full Longsheng control amidst $2.31b court sale

Singapore Business Review
2026.01.22 02:44
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DyStar Global Holdings Pte Ltd has been fully acquired by Zhejiang Longsheng Group Limited following a court-ordered sale valued at $2.31 billion. The sale, managed by Deloitte Singapore, resulted in an $884.4 million recovery for Kiri Industries, which held a 37% stake. Legal counsel for the receivers included WongPartnership and A&O Shearman.