# Luoyang Glass to acquire three solar glass units from CNBM subsidiaries

Luoyang Glass signed framework agreements to acquire 100% of China Building Materials (Hefei) New Energy and China Building Materials Tongcheng New Energy Materials, and 70.99% of China Building Materials (Yixing) New Energy, via share swap.

- Type: Acquisition
- Announced: 2016-12-07
- Where: China
- Status: announced
- Products: solar glass
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Luoyang Glass](https://endata.com/companies/20482.md) (acquirer)
- [Luoyang Float Glass Group](https://endata.com/companies/20483.md) (partner)
- [Hefei Gaoxin Construction Investment Group](https://endata.com/companies/20484.md) (partner)
- [China Building Materials (Hefei) New Energy](https://endata.com/companies/20485.md) (target)
- [Anhui Huaguang Optoelectronic Materials Technology Group](https://endata.com/companies/20486.md) (partner)
- [Bengbu Glass Industry Design and Research Institute](https://endata.com/companies/20487.md) (partner)
- [China Building Materials International Engineering Group](https://endata.com/companies/20488.md) (partner)
- [China Building Materials Tongcheng New Energy Materials](https://endata.com/companies/20489.md) (target)
- [Triumph Science & Technology Group](https://endata.com/companies/20490.md) (partner)
- [Yixing Environmental Protection Technology Innovation Venture Capital](https://endata.com/companies/20491.md) (partner)
- [GCL System Integration Technology](https://endata.com/companies/20492.md) (partner)
- [China Building Materials (Yixing) New Energy](https://endata.com/companies/20493.md) (target)
- [Hefei XinNengYuan](https://endata.com/companies/20525.md) (target)
- [Tongcheng XinNengYuan](https://endata.com/companies/20526.md) (target)
- [Yixing XinNengYuan](https://endata.com/companies/20527.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/34280.html), 2016-12-07: "三份框架协议仅为交易各方就交易核心问题达成的初步意向，并非最终的重组方案"
- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/34344.html), 2016-12-08: "洛阳玻璃于12月7日与交易相关各方签订三份重大资产重组框架协议，以就此次重组的方案达成初步意向，协议包括收购合肥新能源100%股权，桐城新能源100%股权，以及宜兴新能源71%股权。"

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