June 4 (NBD) - China's largest optical film supplier Kangde Xin Composite Material Group Co., Ltd. (002450.SZ) issued an announcement Monday saying the company is planning to sign a strategic agreement with a state-owned enterprise conducting business in transportation, aviation, wind power, and infrastructure construction fields. The parties are expected to conduct investment and business cooperation in the high polymer material industry.

The agreement is predicted to make a significant impact on Kangde Xin, according to the announcement. Seeing its stock finish limit-down last Friday, Kangde Xin suspended its shares from trading Monday.  

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