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COFCO Packaging (00906) announced its indirect wholly-owned subsidiary COFCO Packaging Investment will acquire 51% equity of Zhejiang Jihong Packaging from Jihong International for RMB 66.75 million (approx. US$9.7 million). The target company is building a two-piece can production line expected to start production in H2 2017.
“中粮包装(00906)发布公告,其间接全资附属公司中粮包装投资向纪鸿国际收购浙江纪鸿包装51%股权,作价6675万元人民币。”beta.zhitongcaijing.com
Summarized from public sources; check the original articles before acting on it.