GPRO Titanium Industry to Acquire Controlling Stake in Leader East via Major Asset Restructuring

Published: Jul 2, 2025 16:07

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[SMM Titanium News] On June 30, GPRO Titanium Industry (000545) announced that it would acquire the controlling stake in Nanjing Leader East Rubber & Plastic Technology Co., Ltd. (hereinafter referred to as "Leader East") through major asset replacement, share issuance, and payment in cash, while simultaneously raising supporting funds. As of the date of the announcement, the transaction was still in the planning stage, and the parties involved had not yet signed a formal transaction agreement. The specific transaction plan was still under discussion and verification. Necessary internal decision-making procedures needed to be fulfilled, and the transaction could only be officially implemented after approval from the competent regulatory authorities. There was still uncertainty regarding whether the approval would be obtained. The relevant person in charge of Leader East stated that Leader East had always focused on the field of new rubber materials, continuously enhancing its R&D capabilities, and had achieved significant breakthroughs in areas such as rail transit, wind power new energy, automotive engineering, aerospace, and marine engineering. In the future, the company would further focus on the fields of high-end seals for functional polymer materials, rubber pipelines, and shock absorption products, creating a diversified product portfolio.

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