| ShengdaTech announced that the Bureau of Commerce of Anhui Province, People's Republic of China approved the Equity Transfer Agreement between ShengdaTech and Anhui Chaodong Cement to acquire Anhui Chaodong Nanomaterials Science and Technology. On August 29, ShengdaTech signed an Equity Transfer Agreement with Chaodong Cement to acquire 100% of the equity interest of Chaodong, including existing building, equipment, and mining rights to approximately 14.25M tons of limestone reserves for approximately $3.8M. Chaodong is an inactive NPCC facility with approximately 10,000 metric tons of annual NPCC production capacity in Anhui Province. The Company will not assume any liabilities of Chaodong as of the date of the acquisition. :theflyonthewall.com |
