# Taishan Fiberglass to acquire Sinoma Jinjing for 169 million yuan

Sinoma Science & Technology's subsidiary Taishan Glass Fiber Co., Ltd. plans to acquire 100% of Sinoma Jinjing Fiberglass Co., Ltd. for 169 million yuan in cash, from China Building Materials, Shandong Jinjing Science & Technology, and Zibo High-tech City Investment.

- Type: Acquisition
- Announced: 2021-02-26
- Where: China
- Value: $26.0M (169.0M CNY)
- Status: announced
- Products: fiberglass
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [China Building Materials Corporation](https://endata.com/companies/22634.md) (partner)
- [Taishan Glass Fiber](https://endata.com/companies/53490.md) (acquirer)
- [Sinoma Jinjing Fiberglass](https://endata.com/companies/53491.md) (target)
- [Shandong Jinjing Science & Technology](https://endata.com/companies/53492.md) (partner)
- [Zibo High-tech City Investment](https://endata.com/companies/53493.md) (partner)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/418292.html), 2021-02-26: "泰山玻纤拟以现金1.69亿元合计收购中材金晶玻纤有限公司100%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.