Guantao advises Jiangtian Chemical on its acquisition of 100% equity interest and related IP rights in San-DIA, a subsidiary of Sanyo Chemical
Guantao advised Nantong Jiangtian Chemical Co., Ltd. ("Jiangtian Chemical") on its acquisition of 100% equity interest and related intellectual property rights in San-DIA Polymers (Nantong) Co., Ltd. ("San-DIA") from SDP Global Co., Ltd. ("SDP") for cash consideration. The transaction constitutes a major asset reorganization for the listed company. It was launched in March 2024, and on January 22, 2025, Jiangtian Chemical issued the Announcement on Completion of Asset Transfer for the Major Asset Reorganization.
Jiangtian Chemical is a GEM-listed company on the Shenzhen Stock Exchange, with its ultimate controlling shareholder being the State-owned Assets Supervision and Administration Commission of Nantong Municipal People’s Government. The company specializes in R&D, production, and sales of high-end specialty fine chemicals derived from methanol downstream deep-processing industrial chains. The target company, San-DIA, operates in the same industry as Jiangtian Chemical, focusing on super absorbent polymer materials. Formerly a subsidiary of Sanyo Chemical Industries, Ltd. (listed on the Tokyo Stock Exchange), San-DIA is owned by SDP.
Through this transaction, Jiangtian Chemical will accelerate the implementation of its "One Core, Two Wings" development strategy—Core: Focusing on "specialization, refinement, uniqueness, and innovation"; Two Wings: Building dual growth drivers in industrial consumer chemicals and civilian consumer chemicals. This initiative aims to achieve its strategic goals of "optimizing and strengthening the fine chemical industry, implementing a multi-product marketing strategy, and extending the industrial chain through integration". Upon completion of this transaction, Jiangtian Chemical will add super absorbent polymer (SAP) operations, expand downstream applications to absorbent hygiene products, and enter the civilian consumer chemicals sector, so as to diversify product portfolio, expand customer base, and enhance client diversification, which will further enhance risk resilience and strengthen sustainable development capabilities. In the meantime, this transaction aligns with the national policies, promoting Jiangtian Chemical to optimize resource allocation through M&A and restructuring, thereby contributing to advancing high-quality development in China’s chemical industry.
As Jiangtian Chemical’s PRC legal counsel, Guantao legal team, led by partner Zhang Wenliang and assisted by senior associate Zhou Li, provided end-to-end, comprehensive, and highly professional legal services for this transaction.
