Zhejiang Longsheng assumes full control of DyStar

The colony was concluded done respective agreements, including a Share Buy-Back Agreement and a Framework Agreement, some dated 12 December 2025, arsenic good arsenic an Amended and Restated Share Purchase Agreement finalised connected 13 December 2025.

These agreements amended the archetypal Share Purchase Agreement signed connected 29 May 2025.

The transaction progressive the acquisition of a 37.5% shareholding antecedently held by KIRI Industries for a full sum of $688.88m.

DyStar provided $426.52m of the outgo portion Zhejiang Longsheng Group’s subsidiary, Sende International, contributed $262.4m.

Court-appointed receivers Deloitte & Touche Financial Advisory Services confirmed the transaction connected 30 December 2025, with completion occurring the aforesaid day.

With this process finalised, each ineligible disputes betwixt Zhejiang Longsheng and KIRI Industries related to DyStar’s shareholding person been settled.

The 2 directors nominated by KIRI Industries person stepped down from DyStar’s committee of directors. As a result, DyStar present operates arsenic a wholly owned subsidiary of Zhejiang Longsheng Group.

DyStar Group committee of directors president Ruan Weixiang said: “We are delighted with the palmy decision of this transaction arsenic it is accordant with Longsheng’s strategical nonsubjective of becoming a satellite people supplier of specialty chemic accumulation services. I americium assured DyStar’s consolidated profits volition beryllium further strengthened arsenic we stay agreed and enactment unneurotic for a amended tomorrow.”

The institution stated it volition support transparency and proceed engagement with its stakeholders during this transition.

DyStar Group managing manager and president Xu Yalin said: “The implicit solution of the shareholders’ quality marks a pivotal milestone for DyStar. With afloat ownership and unified governance nether the enactment of Zhejiang Longsheng Group, DyStar is well-positioned to fortify its planetary operations, accelerate innovation, and present sustainable worth for each stakeholders.”

In April past year, DyStar Group terminated manufacturing activities astatine its Hilton Davis facility, with selected processes to beryllium absorbed by DyStar LP successful Reidsville, North Carolina.

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