# Luoyang Glass to acquire remaining 60% stake in North Glass for RMB 182 million

Luoyang Glass Company has agreed to acquire the remaining 60% equity of North Glass from Yaohua Group for RMB 182 million, making North Glass a wholly-owned subsidiary.

- Type: Acquisition
- Announced: 2021-04-29
- Where: China
- Value: $28.1M (182.0M CNY)
- Status: announced
- Products: photovoltaic glass
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Luoyang Glass](https://endata.com/companies/20482.md) (acquirer)
- [China Yaohua Glass Group](https://endata.com/companies/52227.md) (partner)
- [Qinhuangdao North Glass](https://endata.com/companies/52228.md) (target)
- [Yaohua Group](https://endata.com/companies/54759.md) (target)
- [North Glass](https://endata.com/companies/54760.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/464991.html), 2021-04-29: "取得北方玻璃的控股权，有助于本公司优化光伏玻璃业务板块的布局，扩大生产规模，更好地满足下游市场需求。"
- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/465546.html), 2021-04-30: "同意公司以现金方式购买中国耀华玻璃集团有限公司持有的秦皇岛北方玻璃有限公司60%股权，标的股权的转让价格为人民币1.82亿元。"

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