# China XD Plastics receives going-private proposal from CEO-led buyer group

China XD Plastics Company Limited received a non-binding proposal from a buyer group led by CEO Jie Han to acquire all outstanding shares for US$1.1 per share in cash, valuing the deal at approximately US$1.1 per share.

- Type: Acquisition
- Announced: 2020-05-07
- Where: China
- Value: $70.0M
- Status: rumored
- Products: polymer composite materials
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [China XD Plastics Company Limited](https://endata.com/companies/22920.md) (target)
- [Jie Han](https://endata.com/companies/47108.md) (acquirer)
- [Jie Han](https://endata.com/companies/47108.md) (investor)
- [XD Engineering Plastics Company Limited](https://endata.com/companies/47109.md) (acquirer)
- [Faith Dawn Limited](https://endata.com/companies/47880.md) (acquirer)

## Sources

- [centralcharts.com](https://www.centralcharts.com/en/1282-china-xd-plastics/news/2636215-china-xd-plastics-company-limited-announces-receipt-of-non-binding-going-private-proposal), 2020-05-08: "China XD Plastics Company Limited today announced that its board of directors has received a preliminary and non-binding proposal letter... proposing to acquire all of the outstanding shares... for US$1.1 per Share in cash."
- [centralcharts.com](https://www.centralcharts.com/en/1282-china-xd-plastics/news/2684837-china-xd-plastics-company-limited-enters-into-definitive-merger-agreement-for-going-private-transaction), 2020-06-15: "Parent will acquire all of the outstanding Common Shares of the Company for a cash consideration equal to US$1.2 per share"
- [prnewswire.com](https://www.prnewswire.com/news-releases/china-xd-plastics-company-limited-enters-into-definitive-merger-agreement-for-going-private-transaction-301076718.html), 2020-06-15: "China XD Plastics Company Limited today announced that it has entered into a definitive Agreement and Plan of Merger with Faith Dawn Limited and Faith Horizon Inc."

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