Ruifeng Advanced Materials (300243.SZ) plans to acquire a 68.065% equity stake in Mituo New Materials through equity transfer and capital increase.

Zhitong Finance APP News, Ruifeng High-Molecular (300243.SZ) announced that the company plans to use its own funds and self-raised funds of 499 million yuan to acquire a total of 68.065% equity in Anhui Mituo New Materials Technology Co., Ltd. (hereinafter referred to as "Mituo New Materials", "the target company", or "the target company") by transferring part of its equity and increasing capital in the target company. This transaction can enrich the company's layout in the new materials industry, promote the company's transformation and upgrading, has sufficient necessity and feasibility, and is in line with the long-term interests of shareholders.