Recently, Chengdu Guibao (referred to as 'Guibao', with stock code 300019) has wrapped up the acquisition of the entire equity stake of Jiangsu Jaour Hot Melt Adhesive Co., Ltd. (formerly listed on the New Third Board under code 873853, hereafter 'Jaour').
The deal, structured in a multi-phase transaction, valued Jaour's 100% equity at 480 million yuan. The equity transfer unfolded in three stages: (1) Initially, Guibao took over 72% of the shares from Taicang Jaour Industrial Co., Ltd. (the controlling shareholder of Jaour, henceforth 'Taicang Jaour Industrial'); (2) Subsequently, following Jaour's delisting from the National Equities Exchange and Quotations, Guibao acquired the remaining 28% from Taicang Jaour Industrial and an additional 15.59% held by other shareholders; (3) Finally, after Jaour's legal transformation from a 'Joint-Stock Limited Company' to a 'Limited Liability Company', Guibao secured the remaining 23.50% of shares held by non-Taicang Jaour Industrial shareholders.
Guibao specialises in the R&D, manufacturing, and distribution of new materials like organic silicon sealants, while Jaour focuses on hot melt pressure-sensitive adhesives. Post-transaction, Jaour is now a wholly-owned subsidiary of Guibao, gaining fresh competitive edges through industry consolidation. Guibao, in turn, diversifies its product portfolio and broadens its global reach, with both entities poised to amplify synergies across strategic planning, technological innovation, and market expansion.
Drawing on its extensive M&A and restructuring acumen, Llinks provided premier, end-to-end legal services for this transaction, guaranteeing a seamless and expeditious process.
