# Kechuang New Material Chief Takes Control

> Yu Chunsheng acquires 9.8% stake in Kechuang New Material via management buyout.
- Title: Kechuang New Material Chief Takes Control · Dealroom
- Summary: Yu Chunsheng acquires 9.8% stake in Kechuang New Material via management buyout. Yu Chunsheng, a director at Kechuang New Material, will become the company's…
- Keywords: kechuang new material, yu chunsheng, management buyout, refractory materials, first half 2026 revenue, net profit, startups, business, Kechuang, Material, Chief, Takes
- Source: Dealroom — https://dealroom.co/news/163662-kechuang-new-material-chief-to-take-control-in-management-buyout
- Published: 2026-10-18T18:57:49+00:00
- Read time: 1 min
- Topics: kechuang new material, yu chunsheng, management buyout, refractory materials, first half 2026 revenue, net profit, startups, business
## Deal Announcement
Luoyang Kechuang New Material announced on September 28 that shareholder Yu Chunsheng plans to acquire a combined 9.8% stake from four shareholders, becoming the company's new controlling party.
## Share Transfer Details
Yu signed share transfer agreements on September 23 to buy 8.4279 million shares, or 9.8% of total capital, from four shareholders, lifting his direct stake from 5.2% to 15%.
## Voting Rights Agreement
Yu will form a concert-party agreement with Wei Wenxu and Wei Wenju, giving the group control of 29.99% of voting rights while the four selling shareholders dissolve their earlier concert-party arrangement.
## Key takeaway

Yu Chunsheng, a director at Kechuang New Material, will become the company's controlling shareholder after acquiring 9.8% stake from four shareholders in a management buyout.