Faith Dawn to acquire the remaining 49.9% stake in China XD Plastics for $39m.

Faith Dawn, a Hong Kong company which represents several companies whose products have a proven track record in the commercial marketplace, agreed to acquire the remaining 49.9% stake in China XD Plastics, a specialty chemical company, for $39m. The merger, which is currently expected to close during the third quarter of 2020, is subject to various closing conditions, including the adoption of the merger agreement by the company's stockholders.