# Weigao subsidiary to acquire Shandong Weigao Pharmaceutical Packaging Products

Weigao's subsidiary Shandong Weigao Preuc Pharmaceutical Packaging will acquire 100% of Shandong Weigao Pharmaceutical Packaging Products from Weihai Weigao International Medical Investment Holding via a capital increase of RMB 66.11 million.

- Type: Acquisition
- Announced: 2020-11-20
- Where: China
- Value: $10.0M (66.1M CNY)
- Status: announced
- Products: pharmaceutical packaging materials, multi-layer co-extruded cast film, three-layer co-extruded infusion film, blister composite film
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Weigao Group](https://endata.com/companies/51349.md)
- [Shandong Weigao Preuc Pharmaceutical Packaging](https://endata.com/companies/51350.md) (acquirer)
- [Shandong Weigao Pharmaceutical Packaging Products](https://endata.com/companies/51351.md) (target)
- [Weihai Weigao International Medical Investment Holding](https://endata.com/companies/51352.md) (investor)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/365767.html), 2020-11-20: "收购目标公司将补充及扩大其现有药品包装材料的供应范围。"

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