# Luyitong to acquire Shenghui Electronics for 2 billion yuan

Luyitong announced it will acquire 100% of Guangdong Shenghui Electronics for 2 billion yuan, paid in shares and cash, to strengthen its position in electrical equipment.

- Type: Acquisition
- Announced: 2017-12-08
- Where: China
- Value: $302.0M (2.00B CNY)
- Status: announced
- Products: electrical equipment
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Luyitong](https://endata.com/companies/17995.md) (acquirer)
- [Guangdong Shenghui Electronics](https://endata.com/companies/17996.md) (target)

## Sources

- [cs.com.cn](https://cs.com.cn/ssgs/gsxw/201712/t20171208_5614619.html), 2017-12-08: "本次交易有助于公司优化产品结构，完善业务链条，抢占发展先机，进一步巩固和加强公司在电气成套设备行业的竞争优势"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.