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GNMI acquires controlling stake in Jihua Group

PRIVATEOct 01, 2026

Acquiring Company

Global New Material International Holdings Limited

Acquired Company

Zhejiang Jihua Group Ltd

HangzhouChinaManufacturingManufacturing

Description

Global New Material International has completed the acquisition of approximately 29.89% of Zhejiang Jihua Group's shares. This acquisition enhances GNMI's position in the dye manufacturing industry. The share transfer was finalized on September 29, 2026. This strategic move aims to broaden the industrial footprint of GNMI.

Company Information

Company

Global New Material International Holdings Limited

Location

Hangzhou, Zhejiang, China

About

Global New Material International Holdings Limited focuses on the development and production of advanced materials. The company is committed to integrating technology with market solutions. It emphasizes global operations and building innovative ecosystems. Their strategy involves deep international collaborations and leveraging technology for growth.

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Frequently asked

Who acquired Zhejiang Jihua Group Ltd?

Zhejiang Jihua Group Ltd was acquired by Global New Material International Holdings Limited, based in Hangzhou. The deal was reported on October 1, 2026. Global New Material International Holdings Limited focuses on the development and production of advanced materials. The company is committed to integrating technology with market solutions. Global New Material International Holdings Limited is privately held and operates in Manufacturing.

When did Global New Material International Holdings Limited acquire Zhejiang Jihua Group Ltd?

Global New Material International Holdings Limited's acquisition of Zhejiang Jihua Group Ltd was reported on October 1, 2026. Global New Material International has completed the acquisition of approximately 29.89% of Zhejiang Jihua Group's shares. This acquisition enhances GNMI's position in the dye manufacturing industry. The share transfer was finalized on September 29, 2026. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Zhejiang Jihua Group Ltd do?

Zhejiang Jihua Group Co., Ltd. is a top manufacturer in China's disperse dye segment. The company operates the world's third-largest dye production base and has a full-industry-chain foundation. It is privately held, operating in Manufacturing, and is based in China.

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