# Baosheng Science and Technology to acquire Baosheng High Voltage Cable from Baosheng Group

Baosheng Science and Technology Innovation Co., Ltd. agreed to acquire Baosheng High Voltage Cable Co., Ltd. from Baosheng Group Co., Ltd. for approximately CNY 490 million. The transaction was approved by the board on October 12, 2020.

- Type: Acquisition
- Announced: 2020-10-12
- Where: China
- Value: $72.0M (490.0M CNY)
- Status: announced
- Products: high voltage cables
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Baosheng Science and Technology Innovation](https://endata.com/companies/50455.md) (acquirer)
- [Baosheng Group](https://endata.com/companies/50456.md) (partner)
- [Baosheng High Voltage Cable](https://endata.com/companies/50457.md) (target)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/BAOSHENG-SCIENCE-AND-TECH-6498155/news/Baosheng-Science-and-Technology-Innovation-Co-Ltd-agreed-to-acquire-Baosheng-High-Voltage-Cable-Co-33670932/), 2020-10-11: "Baosheng Science and Technology Innovation Co.,Ltd. agreed to acquire Baosheng High Voltage Cable Co., Ltd from Baosheng Group Co., Ltd. for approximately CNY 490 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.