Yingkou Jinlei Fireproof Materials Co., Ltd. agreed to acquire Yingkou Xinyaonai Fire-Resistant Material Limited Company from Yotai Refractories Co., Ltd. for CNY 41.25 million.
November 06, 2023
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Yingkou Jinlei Fireproof Materials Co., Ltd. intend to acquire Yingkou Xinyaonai Fire-Resistant Material Limited Company from Yotai Refractories Co., Ltd. (TSE:5357) for CNY 41.25 million on September 8, 2023. Yingkou Jinlei Fireproof Materials Co., Ltd. agreed to acquire Yingkou Xinyaonai Fire-Resistant Material Limited Company from Yotai Refractories Co., Ltd. (TSE:5357) for CNY 41.25 million on October 19, 2023.
YOTAI REFRACTORIES CO.,LTD. is a Japan-based company mainly engaged in the manufacture and sale of refractory products, as well as the furnace installation engineering business. The Company operates in two business segments. The Refractory Products segment is engaged in the manufacture and sale of various refractory bricks such as basic bricks, high alumina bricks, clay bricks and silica bricks, and unshaped refractory products for irons and steels, nonferrous metals, cements, glass, furnaces and environmental equipment related kilns uses. The Engineering segment is engaged in the design and construction of various industrial kilns and environmental facilities that use refractories, as well as the contacted maintenance business.
Yingkou Jinlei Fireproof Materials Co., Ltd. agreed to acquire Yingkou Xinyaonai Fire-Resistant Material Limited Company from Yotai Refractories Co., Ltd. for CNY 41.25 million.
YOTAI REFRACTORIES CO., LTD. 
