Recently, Aiken announced that it has reached an agreement with Guangdong Polymer Technology Co., Ltd. to purchase all the shares of the latter. The acquisition is subject to approval by the final regulator and is expected to be completed by the end of the first quarter of 2020.

The two parties have now reached an agreement on the corporate value of the aggregated shares, which is expected to be as high as 941 million yuan, including potential gains, depending on pre-agreed parameters.

Aggregate Shares is a Chinese manufacturer of silicone elastomers and silicone materials, and has a strong position in the baby care, food-grade silicone, electronics and medical device markets. After the completion of the acquisition, Aiken and Aggregation will combine their complementary advantages in products and market positions to further lay a solid foundation for the company's specialization strategy and business growth in China and globally.

Conglomerate is a private enterprise located in Zhongshan City, Guangdong Province, China, and currently employs more than 400 people. The company is a technology leader in the development and production of high-temperature vulcanized silicone rubber (HCR), liquid silicone rubber (LSR), specialty silicone resins, and pressure-sensitive adhesives (PSA). The company has two production bases and a research and development center with more than 50 scientific and technical personnel. For the full year of 2019, the aggregate operating income of the aggregated shares is expected to be RMB 612 million and EBITDA to be RMB 110 million.