Suay chin3 Feb 2026 08:58
As of early 2026, the Niangadou Distribut Compagnie (NDC), a Malian-owned enterprise, is acquiring the stake in Suay Chin International, which holds shares in Kodal Minerals. This involves a buyout of the 51% stake previously held by Zhejiang Kanglongda Special Protection Technology and the remaining 49% held by Hu Yanxia.
Key Details of the Shift:
The Buyer: NDC, a Mali-based entity, is taking over the positions.
The Seller: Zhejiang Kanglongda Special Protection Technology (via its subsidiary) is divesting its interest in Suay Chin International.
Context: This move marks a change in control over the shares formerly associated with the Chinese glove manufacturer.
Previous Structure: Suay Chin previously held a significant stake in Kodal Minerals (approximately 8.98% as of August 2025