Group 1 - Reliable Co. plans to acquire at least 60% of Shanghai Hanhua Paper Industry Co., Ltd. for a valuation of 650 million yuan, requiring a minimum payment of 390 million yuan [1] - Hanhua Paper, established in 2008, specializes in the production of consumer paper products, primarily exporting to Japan, South America, and Europe [2] - The paper industry is facing intense competition, with leading companies experiencing significant profit declines, indicating a challenging market environment [2] Group 2 - Reliable Co. has faced market challenges, with profits declining significantly since reaching a peak in 2020, and is currently in a slow recovery phase [2] - The company has previously attempted to diversify its operations by investing in Zhejiang Haizheng Sulikang Biotechnology Co., Ltd. and selling Dudi brand baby diapers, but these efforts have faced criticism from its second-largest shareholder [3] - The actual financial condition of Hanhua Paper remains unclear as the financial audit has not yet been conducted [2]
纸尿裤厂商可靠股份布局“红海赛道” 拟控股6.5亿估值生活纸公司