Apar Industries’ subsidiary, Petroleum Specialities Pte Ltd, has agreed to acquire a 70% stake in China-based Hebei Jinghuan Cable Co. Ltd for RMB 24.85 million.

Nov 2, 2026

Apar Industries Limited, through its wholly owned subsidiary Petroleum Specialities Pte Ltd (PSPL), has entered into an Equity Interest Transfer Agreement to acquire a 70% equity stake in Hebei Jinghuan Cable Co. Ltd, China. Signed on October 30, 2026, the agreement involves a cash consideration of RMB 24.85 million.

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The acquisition is aimed at diversifying the company’s global manufacturing footprint for aluminium overhead conductors. Hebei Jinghuan Cable is currently a non-operating entity with nil turnover in FY25 and FY24. Upon completion, it will become a step-down subsidiary of Apar Industries and operate as an export-focused enterprise.