# Youngsun Intelligent Equipment acquires 80% stake in Chuangzhaobao Packaging Equipment

Hangzhou Youngsun Intelligent Equipment Co., Ltd. completed the acquisition of an 80% stake in Foshan Chuangzhaobao Intelligent Packaging Equipment Co., Ltd. from Zhuhai Hengqin Honglin Investment Partnership for CNY 97.6 million.

- Type: Acquisition
- Announced: 2018-10-22
- Where: China
- Value: $14.2M (97.6M CNY)
- Status: completed
- Products: intelligent packaging equipment
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Hangzhou Youngsun Intelligent Equipment Co., Ltd.](https://endata.com/companies/35620.md) (acquirer)
- [Foshan Chuangzhaobao Intelligent Packaging Equipment Co., Ltd.](https://endata.com/companies/35621.md) (target)
- [Zhuhai Hengqin Honglin Investment Partnership](https://endata.com/companies/35622.md) (partner)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/HANGZHOU-YOUNGSUN-INTELLI-23682501/news/Hangzhou-Youngsun-Intelligent-Equipment-Co-Ltd-completed-the-acquisition-of-80-stake-in-Foshan-C-34498694/), 2018-11-21: "Hangzhou Youngsun Intelligent Equipment Co., Ltd. (SHSE:603901) completed the acquisition of 80% stake in Foshan Chuangzhaobao Intelligent Packaging Equipment Co., Ltd. from Zhuhai Hengqin Honglin Investment Partnership (Limited Partnership) on October 22, 2018."

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