| Title: | Yunnan Yuntianhua Co Ltd acquires a minority stake in Chongqing Polycomp Intl Corp from Peoples Republic of China (pending) |
| Price: | $48.00 |
| Publication Date: | Mar 27, 2008 |
| Abstract: | CHINA - Yunnan Yuntianhua Co Ltd (YY), a majority-owned unit of Chinese state-owned Yuntianhua Group Co Ltd, planned to raise its interest to 63.62% from 57.14% by acquiring a 6.48% stake in Chongqing Polycomp International Corp, a fiber glass wholesaler and manufacturer, and a joint venture among YY, PC International Co Ltd (PC), Baolisi Co Ltd (BC), Saudi Arabian Amiantit Corp (SA) and Carlyle Asia Partners, a majority-owned unit of Carlyle Group LLC, from PC (0.62%), BC (0.36%) and SA (5.5%), for 377 mil Chinese yuan ($53.727 US). |
| Acquirer: | Yunnan Yuntianhua Co Ltd |
| Acquirer Business Discription: | Mnfr urea fertilizers |
| Acquirer Ultimate Parent: | Peoples Republic of China |
| Acquirer SIC Code: | 2874 - Phosphatic fertilizers |
| Target Name: | Chongqing Polycomp Intl Corp |
| Target Business Description: | Mnfr,whl glass fibers |
| Target Ultimate Parent: | Peoples Republic of China |
| Target SIC Code: | 3089 - Plastics products, nec |
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