After last minute wrangling, DyStar’s long‑running ownership tussle is finally over after Zhejiang Longsheng Group took full control of the textile chemicals group from India’s Kiri Industries
SINGAPORE – DyStar has now transitioned to 100% Zhejiang Longsheng Group ownership after Kiri Industries finally completes the drawn out sale of its US$690M minority stake in the textile dyestuffs giant.
Kiri Industries has confirmed it has divested its entire 37.57% stake in DyStar Global Holdings, drawing a line under more than a decade of legal disputes over valuation and governance at the Singapore‑based dyestuff maker.
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