Asia Star Chemical: Intends to acquire 100% equity of Tianyi Chemical, stock will resume trading on the 18th.

Yasheng Chemical announced on November 17 that the company plans to acquire 100% equity of Shandong Tianyi Chemical Co., Ltd. held by 24 shareholders including Tianyi Holdings through issuing shares and paying cash. At the same time, the company plans to issue shares to no more than 35 specific investors including Weifang City Investment Group to raise funds. After the transaction is completed, the company's main products will include new bromine-based fine chemical products, including tetrabromobisphenol A, brominated epoxy resin, brominated polystyrene, decabromodiphenyl ethane, hydrobromic acid, as well as various products from the Tianyi Chemical new materials sector, potassium salt sector, and membrane material sector. The company's stock will resume trading on November 18.