Gelonghui, March 26 | Matsui Co., Ltd. (688157.SH) announced that it plans to use its own capital of RMB 19.60 million to acquire 20% of the shares of Changsha Songrun New Materials Co., Ltd. (hereinafter referred to as “Changsha Songrun” or the “target company”) held by natural persons Li Yunkai, Lai Anping, Yang Yifeng, and Liu Haijun. After the transaction is completed, the company's direct shareholding ratio in Changsha Songrun will increase from 80% to 100%, and Changsha Songrun will become a wholly-owned subsidiary of the company.
Changsha Songrun focuses on exploring, developing, and selling surface treatments for automotive parts. Through the model of “interactive,” “independent research and development,” and “customized flexible manufacturing,” it provides customers with a new type of functional coating material manufacturer with systematic solutions in various categories such as coatings, inks, and adhesives. With refined and differentiated products, Changsha Songrun is becoming a leading manufacturer and service provider in the field of new automotive functional coatings. Changsha Songrun currently has industry-leading or advanced PVD paint series, UV paint series, water-based paint series, anti-fog coating series for car lights, and hardened paint series product technology.