DyStar has formally announced that it is now under the full ownership of Zhejiang Longsheng Group, following the final resolution of a long-running shareholders’ dispute. The development marks a new phase of stability, clearer governance and long-term growth for the specialty chemical company.

The resolution was achieved through a series of agreements, including a Share Buy-Back Agreement and Framework Agreement dated 12 December 2025, and an Amended and Restated Share Purchase Agreement dated 13 December 2025, which amended the original agreement signed in May 2025.

Under the Share Buy-Back Agreement, a total consideration of USD 688.9 million was paid to acquire the 37.5% shareholding previously owned by KIRI Industries. Of this amount, DyStar contributed USD 426.5 million, while Sende International Capital Limited, a wholly owned subsidiary of Zhejiang Longsheng Group, contributed USD 262.4 million.

The transaction was confirmed on 30 December 2025 by court-appointed receivers Deloitte & Touche Financial Advisory Services Pte Ltd, with completion and closing taking place on the same day.

Following completion, all litigation between Zhejiang Longsheng and KIRI Industries relating to DyStar’s shareholding has been concluded. The two directors previously appointed by KIRI have resigned from DyStar’s board, consolidating governance and control. DyStar is now a wholly owned subsidiary of Zhejiang Longsheng Group Co., Ltd.

Ruan Weixiang, chairman of the board of directors of DyStar Group, said the conclusion of the transaction aligns with Longsheng’s strategic objective of becoming a world-class provider of specialty chemical production services. He added that DyStar’s consolidated profits are expected to strengthen further as the group works together under unified ownership.

Xu Yalin, managing director and president of DyStar Group, said the resolution represents a pivotal milestone for the company. With full ownership and unified governance, DyStar is positioned to strengthen its global operations, accelerate innovation and deliver sustainable value to stakeholders.

DyStar said it remains committed to transparency and will continue to engage openly with stakeholders as it enters its next phase of growth, focusing on stronger partnerships, sustainability initiatives and enhanced value across its global operations.

www.dystar.com