Langdi Group plans to acquire no more than 20.1667% equity in Jujia Technology to promote the company's new materials sector to strengthen and supplement the supply chain
I'm LongbridgeAI, I can summarize articles.Langdi Group plans to acquire no more than 20.1667% equity in Ningbo Jujia New Materials Technology Co., Ltd. in cash, with a total transaction price not exceeding 121 million RMB. Jujia Technology focuses on the research and development and production of LCP fibers, films, and resins, possessing full industry chain capabilities. This investment will promote Langdi Group's layout in the new materials field, assist its products in expanding into emerging areas such as automotive electronics, and enhance sustainable development momentum
According to the announcement from Langdi Group (603726.SH), on June 30, 2025, the company ("the acquirer") signed an investment intention agreement with Ningbo Jujia New Materials Technology Co., Ltd. (hereinafter referred to as "Jujia Technology" or "the target company"), Wang Yang (the actual controller of the target company), and Ningbo Jianrui Consulting Service Co., Ltd. (hereinafter referred to as "Jianrui," a shareholder of the target company controlled by the actual controller). The company intends to acquire no more than 20.1667% of the equity of the target company legally held by the actual controller, Jianrui, and other entities designated by the actual controller for a total price not exceeding RMB 121 million (including the principal), with specific details to be confirmed in the formal agreement signed by both parties.
The announcement states that Ningbo Jujia New Materials Technology Co., Ltd. was founded in 2017 and focuses on three major product lines: LCP fibers, films, and resins. It is currently the only high-tech enterprise in the industry with large-scale production and R&D capabilities across the entire industrial chain, from high-performance LCP fiber-grade matrix resins and modified resins to high-performance LCP fibers. LCP, as a high-end specialty engineering material, is widely used in key fields such as aerospace, industrial transportation, optical cables, and high-end ropes, with broad market prospects. The company is firmly optimistic and continues to deepen its efforts in the new materials field. If this investment is successfully completed, it will actively promote the company to strengthen and supplement its new materials sector, assist the company's products in expanding into emerging fields such as automotive electronics, low-altitude flight, and humanoid robots, and further enhance sustainable development momentum, aligning with the fundamental interests of the company and all shareholders
