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YIP'S CHEMICAL: Higher Oil Prices Slightly Boost Performance; Firm Continues to Seek M&A Opportunities
2026-04-14 14:54:33 YIP'S CHEMICAL (00408.HK)'s Chief Executive Officer, Ip Kwan, said that the Company's solvent business was benefited from the recent rise in oil prices, while its coatings and inks businesses were dented by higher costs. Overall, the increase in oil prices was slightly positive for the Company's performance in the short term. Apart from organic growth, the Company also aims to expand through M&A. Yip Chun, Head of Strategic Investment, said that the Company is continuously reviewing different M&A targets, seeking profitable companies with net profit ranging from tens of millions to RMB150 million. Target industries include batteries, PCB and semiconductors, with a geographic focus on mainland China. Ip added that acquisition funding is expected to come from borrowings, as the Company maintains a healthy debt ratio of about 13.4% as of the end of 2025. ~ AASTOCKS Financial News Website: www.aastocks.com | |