浙江龙盛7亿美元“扫尾”跨国诉讼，染料巨头全资控股德司达

Core Viewpoint - Zhejiang Longsheng Group has successfully completed a $702 million acquisition of the remaining shares of its subsidiary, Dystar Global Holdings (Singapore) Pte Ltd, marking the end of a prolonged international legal dispute and capital maneuvering [2][19][10]. Group 1: Transaction Details - The acquisition involved two parts: Dystar repurchased and canceled 20% of its shares, while Zhejiang Longsheng acquired the remaining 17.57% through its wholly-owned subsidiary, Shengde International Capital [6][20]. - The total payment for the transaction was $702,474,406.69, with the legal transfer of shares completed on December 30, 2025 [8][17]. - Following the transaction, Dystar's shareholder structure changed to three wholly-owned subsidiaries of Zhejiang Longsheng, achieving full control [21][20]. Group 2: Strategic Implications - This acquisition not only resolves a long-standing legal dispute with KIRI Industries Limited but also aligns with Zhejiang Longsheng's strategic goal of becoming a leading global specialty chemicals producer [5][19]. - From 2026 onwards, all net profits from Dystar will be attributed to Zhejiang Longsheng, enhancing the company's financial performance [12][27]. - The full control over Dystar is expected to facilitate comprehensive integration and strategic collaboration, significantly strengthening Zhejiang Longsheng's global research, production, and sales network in the specialty chemicals market [28][26]. Group 3: Background of the Dispute - The acquisition was driven by a decade-long legal battle initiated by KIRI Industries in 2015, which accused Zhejiang Longsheng of oppressing minority shareholders [24][9]. - The dispute began after Zhejiang Longsheng acquired a controlling stake in Dystar in 2012, following Dystar's bankruptcy during the financial crisis [24][11]. - The resolution of this dispute through the acquisition is seen as the optimal solution to eliminate uncertainties surrounding Dystar's ownership [10][25].