PAG buys majority stake in China solvents business
PAG has agreed to pay HKD 2.68bn (USD 340m) for a 51% interest in a solvents business under Hong Kong-listed petrochemical products manufacturer Yip’s Chemical.
The target business, Handsome Chemical Group, is a subsidiary of Yip Chemical’s solvents division that operates in mainland China. It operates one plant in Jiangsu province and two in Guangdong, primarily...
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