# Shunbo Alloy to acquire Chongqing Aobo Aluminum from Chongqing Light Textile Group

Shunbo Alloy announced it plans to acquire 100% equity of Chongqing Aobo Aluminum Manufacturing Co., Ltd. and related creditor's rights from Chongqing Light Textile Holding (Group) Company for cash, to enter the deformed aluminum alloy industry.

- Type: Acquisition
- Announced: 2020-11-16
- Where: Chongqing, China
- Status: announced
- Products: deformed aluminum alloy, cast aluminum alloy
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Shunbo Alloy](https://endata.com/companies/51228.md) (acquirer)
- [Chongqing Light Textile Holding (Group) Company](https://endata.com/companies/51229.md) (partner)
- [Chongqing Aobo Aluminum Manufacturing Co., Ltd.](https://endata.com/companies/51230.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/363098.html), 2020-11-16: "公司拟以自有或自筹现金方式收购重庆轻纺控股(集团)公司持有的重庆奥博铝材制造有限公司100%股权及相关债权。"

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