# China Glass to acquire 55% stake in Fujian Longtai Industrial for CNY 262 million

China Glass Holdings Ltd announced on May 6, 2021 that its indirect wholly-owned subsidiary will acquire 55% equity of Fujian Longtai Industrial Co., Ltd. for approximately CNY 262 million. The target recently completed ignition of a high-end building glass production line on May 1, 2021 and is building an automotive glass line.

- Type: Acquisition
- Announced: 2021-05-06
- Where: Fujian, China, China
- Value: $40.5M (262.0M CNY)
- Status: announced
- Products: high-end building glass, automotive glass
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [China Glass Holdings](https://endata.com/companies/20906.md) (acquirer)
- [Fujian Longtai Industrial](https://endata.com/companies/54937.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/469328.html), 2021-05-06: "股权转让将使该集团立即提升其产能，令集团于中国东南部的地位得以加强。"

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