# Controlling shareholder to take China XD Plastics private for $80M

The controlling shareholder of China XD Plastics will acquire all outstanding shares for $1.20 per share, valuing the company at approximately $80 million. The transaction is expected to close in Q3 2020.

- Type: Acquisition
- Announced: 2020-06-15
- Where: China
- Value: $80.0M
- Status: announced
- Products: polymer composites materials for automotive applications
- 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)

## Sources

- [omm.com](https://www.omm.com/news/press-releases/o-melveny-represents-buyer-group-in-going-private-transaction-of-china-xd-plastics/), 2020-06-16: "The controlling shareholder will acquire all of the outstanding shares of the Company at a merger consideration equal to US$1.20 per share, representing an aggregate equity value of approximately US$80 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.