Shandong Hiking International Co.,Ltd (SHSE:600735) agreed to acquire Shandong Hiking New Materials Technology Co., Ltd. from Hiking Group Co., Ltd. for CNY 160 million on June 21, 2023. The transaction has been approved by the board of Shandong Hiking International. As on July 7, 2023, Shandong Hiking International shareholders approved the deal.

Shandong Hiking International Co.,Ltd (SHSE:600735) completed the acquisition of Shandong Hiking New Materials Technology Co., Ltd. from Hiking Group Co., Ltd. on July 12, 2023.