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Zhejiang Longsheng assumes full control of DyStar

Zhejiang Longsheng assumes full control of DyStar DyStar operates as a speciality chemical company with over 1 · Just Style Jangoulun Singsit Mon, January 5, 2026 at 5:30 PM GMT+5:30 2 min read The settlement was concluded through several agreements, including a Share Buy-Back Agreement and a Framework Agreement, both dated 12 December 2025, as well as an Amended and Restated Share Purchase Agreement finalised on 13 December 2025. These agreements amended the original Share Purchase Agreement signed on 29 May 2025. The transaction involved the purchase of a 37.5% shareholding previously held by KIRI Industries for a total sum of $688.88m.

Zhejiang Longsheng assumes full control of DyStar

Credit: Yahoo

Key Highlights

  • DyStar provided $426.52m of the payment while Zhejiang Longsheng Group’s subsidiary, Sende International, contributed $262.4m.
  • Court-appointed receivers Deloitte & Touche Financial Advisory Services confirmed the transaction on 30 December 2025, with completion occurring the same day.
  • With this process finalised, all legal disputes between Zhejiang Longsheng and KIRI Industries related to DyStar’s shareholding have been settled.
  • The two directors nominated by KIRI Industries have stepped down from DyStar’s board of directors.
  • As a result, DyStar now operates as a wholly owned subsidiary of Zhejiang Longsheng Group.
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Sources

  1. Zhejiang Longsheng assumes full control of DyStar

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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