100% capital acquisition of Jiangxi Bojing Technology, fully layout of the catalytic domain
Sinocera announced in the evening of November 23rd, intended spend RMB 50.73 million to buy Bojing technology 100% stake, after the completion of the transaction, Bojing technology will become a wholly owned subsidiary of sinocera.
Jiangxi Bo Jing Technology Co.,Ltd is specializing inautomotive catalysts for cleaning exhaust gases of automotives and motorcycles,with an annual output of 1000 tons of rare earth catalytic materials production line and complete set of environmental protection treatment facilities. Bojing technology has a supply partnership with more than 80 domestic enterprises –a complete set of carrier coating or purifier to establish acooperative relationship, product sales network radiate to entire country, it is well-known catalyst suppliers in the industry, it also have customers from Japan, Russia, Canada, India and other foreign countries.
This acquisition increase cerium zirconium solid solution series products, the business of Bojing technology and Jiangsu Tiannuo will generate significant synergies, with the Sinocera years of accumulated hydrothermal synthesis technology、nanotechnology、formulation technology, design technology、industrial technology and other core technologies applied to the field of catalysis and realize industrial upgrading,to fully achieve Sinocera catalytic domain layout.
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