# China National Building Material to sell Tongcheng New Energy to Luoyang Glass

China National Building Material's subsidiaries China Building Material Engineering, Huaguang Group and Bengbu Institute plan to sell 100% of Tongcheng New Energy to Luoyang Glass for CNY 247 million, to be paid in shares.

- Type: Acquisition
- Announced: 2017-02-07
- Where: China
- Value: $35.9M (247.0M CNY)
- Status: announced
- Products: solar photovoltaic glass
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [China National Building Material Group](https://endata.com/companies/20207.md)
- [China Building Material Engineering](https://endata.com/companies/22017.md)
- [Huaguang Group](https://endata.com/companies/22018.md)
- [Bengbu Institute](https://endata.com/companies/22019.md)
- [Luoyang Glass](https://endata.com/companies/20482.md) (acquirer)
- [Tongcheng New Energy](https://endata.com/companies/22020.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/41950.html), 2017-02-07: "中国建材工程、华光集团及蚌埠院拟向洛阳玻璃出售桐城新能源合共100%的股权，代价为人民币2.47亿元"

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