# Hubei Xingfa Chemicals and Yichang Urban Construction acquire Yichang Xingxing Bluesky Technology for CNY 87.6 million

Hubei Xingfa Chemicals Group and Yichang Urban Construction Investment Holding Group acquired Yichang Xingxing Bluesky Technology from Hubei Chuxing Chemical for CNY 87.6 million in January 2018. Hubei Xingfa acquired 49% for CNY 43 million and Yichang Urban Construction acquired 51% for CNY 44.7 million.

- Type: Acquisition
- Announced: 2018-01-01
- Where: China
- Value: $13.9M (87.6M CNY)
- Status: completed
- Products: chemicals
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Hubei Xingfa Chemicals Group](https://endata.com/companies/31039.md) (acquirer)
- [Yichang Urban Construction Investment Holding Group](https://endata.com/companies/31040.md) (acquirer)
- [Yichang Xingxing Bluesky Technology](https://endata.com/companies/31041.md) (target)
- [Hubei Chuxing Chemical](https://endata.com/companies/31042.md) (partner)

## Sources

- [in.marketscreener.com](https://in.marketscreener.com/quote/stock/HUBEI-XINGFA-CHEMICALS-GR-6498163/news/Hubei-Xingfa-Chemicals-Group-Co-Ltd-and-Yichang-Urban-Construction-Investment-Holding-Group-Co--34767216/), 2018-03-30: "Hubei Xingfa Chemicals Group Co., Ltd. and Yichang Urban Construction Investment Holding Group Co., Ltd. acquired Yichang Xingxing Bluesky Technology Co., Ltd from Hubei Chuxing Chemical Co.,Ltd. for CNY 87.6 million."

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