Matex Chemicals was incorporated in China on Dec 3, 2003, with an existing registered capital of US$4 million ($5.4 million).
Dye maker Matex International has fully disposed of its stake amounting to 60% in Matex Chemicals for a consideration of RMB6.11 million ($1.3 million).
The company and its subsidiaries, Shanghai Matex Chemicals, Amly Chemicals, Dedot Trading (Shanghai), and Matex Chemicals Technologies (Shanghai), had entered into an agreement with Shengzhou Lv Huan Digital Offset Printing for the sale of the 60% of Matex Chemicals’ registered capital on April 2.
