# Luoyang Glass to acquire three solar glass companies for CNY 836M

Luoyang Glass plans to acquire 100% of Hefei New Energy for CNY 342 million, 100% of Tongcheng New Energy for CNY 247 million, and 70.99% of Yixing New Energy for CNY 247 million, all paid in new A-shares. The acquisitions aim to expand its new energy glass business.

- Type: Acquisition
- Announced: 2017-02-07
- Where: China
- Value: $121.0M (836.0M CNY)
- Status: announced
- Products: solar photovoltaic glass, ultra-white photovoltaic glass
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Luoyang Glass](https://endata.com/companies/20482.md) (acquirer)
- [China Building Material Engineering](https://endata.com/companies/22017.md) (partner)
- [Huaguang Group](https://endata.com/companies/22018.md) (partner)
- [Bengbu Institute](https://endata.com/companies/22019.md) (partner)
- [Tongcheng New Energy](https://endata.com/companies/22020.md) (target)
- [Hefei New Energy](https://endata.com/companies/22027.md) (target)
- [Yixing New Energy](https://endata.com/companies/22028.md) (target)
- [Luobo Group](https://endata.com/companies/22029.md) (partner)
- [Hefei High-tech Investment](https://endata.com/companies/22030.md) (partner)
- [Kaisheng Group](https://endata.com/companies/22031.md) (partner)
- [Yixing Environmental Technology](https://endata.com/companies/22032.md) (partner)
- [GCL System Integration](https://endata.com/companies/22033.md) (partner)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/41951.html), 2017-02-07: "洛阳玻璃股份(01108)发布公告，于2017年2月7日，该公司向洛玻集团及合肥高新投收购合肥新能源合共100%的股权，总代价约为人民币3.42亿元"

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