# Sitong New Materials to acquire remaining 39.79% of Baoding Longda Aluminum

Hebei Sitong New Metal Materials Co., Ltd. (Sitong New Materials) announced it will acquire the remaining 39.79% stake in Baoding Longda Aluminum Co., Ltd. for CNY 311 million, making it a wholly-owned subsidiary. The acquisition includes shares from Japan Metal, Beijing Maichuang, and Baoding Ansheng.

- Type: Acquisition
- Announced: 2020-09-01
- Where: Baoding, Hebei, China, China
- Value: $45.0M (311.0M CNY)
- Status: announced
- Products: casting aluminum alloys, wrought aluminum alloys
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [SiTong New Materials](https://endata.com/companies/39234.md) (acquirer)
- [Baoding Longda Aluminum](https://endata.com/companies/49621.md) (target)
- [Japan Metal](https://endata.com/companies/49622.md) (partner)
- [Beijing Maichuang Global Trade](https://endata.com/companies/49623.md) (partner)
- [Baoding Ansheng Enterprise Management Consulting](https://endata.com/companies/49624.md) (partner)

## Sources

- [yzweekly.com](https://www.yzweekly.com/ysjs/5034.htm), 2020-09-01: "通过此次收购，四通新材将持有保定隆达100%股份，成为公司的全资子公司。"

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