July 22 – Fujian Green Pine (300132) plans to spend 118 million yuan to acquire a full stake in Zhangjia Port Yaxiya Chemical Limited, China’s largest camphorsulfonic acid producer, reports yicai.com, citing a company filing.

The target produces camphorsulfonic acid and 5-methyluracil and has 65 percent share of the domestic camphorsulfonic acid market.

Green Pine produces turpentine processing products, and camphor and borneol are key sources of revenues for the company.

Source:CapitalVue