# Huhua Group and subsidiary acquire 51% stake in Quansheng Chemical

Huhua Group (003002.SZ) and its subsidiary Sheng'an Technology jointly acquired 51% of Shanxi Quansheng Chemical Co., Ltd. from Datong Dongchang Industrial Co., Ltd. for a total of CNY 102 million. Huhua acquired 26% for CNY 52 million, and Sheng'an acquired 25% for CNY 50 million.

- Type: Acquisition
- Announced: 2021-02-01
- Where: China
- Value: $15.8M (102.0M CNY)
- Status: announced
- Products: chemicals
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Huhua Group](https://endata.com/companies/52921.md) (acquirer)
- [Shanxi Quansheng Chemical](https://endata.com/companies/52922.md) (target)
- [Datong Dongchang Industrial](https://endata.com/companies/52923.md) (partner)
- [Changzhi Sheng'an Chemical Technology](https://endata.com/companies/52924.md) (acquirer)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/404476.html), 2021-02-01: "公司以自有资金合计5,200万元人民币收购东昌实业持有的山西全盛化工有限责任公司26%股权;控股子公司盛安科技以自有资金合计5,000万元人民币收购东昌实业持有的全盛化工25%股权。"

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