SMTC: Jingtong Chemical plans to acquire a 28% stake in the hazardous chemical market held by Jingtong Development
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Shanghai SMTC's wholly-owned subsidiary, Jingtong Chemical, intends to acquire 28% equity in the hazardous chemical market held by Jingtong Development for 3.2473 million yuan. The hazardous chemical market focuses on the management of hazardous chemicals and has gradually expanded its influence in recent years, with a steady increase in customer occupancy rates and trade volume. This move aims to optimize the governance structure, enhance operational decision-making efficiency, and promote the sustainable development of the hazardous chemical market
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