# Dongfang Shenghong to acquire 100% of斯尔邦 (Sierbang) via shares and cash

Dongfang Shenghong (东方盛虹) signed an agreement to acquire 100% equity of Sierbang (斯尔邦) from Shenghong Petrochemical and others, using a combination of share issuance and cash payment.

- Type: Acquisition
- Announced: 2021-05-20
- Where: China
- Status: announced
- Products: acrylonitrile, MMA, EVA, ethylene oxide, propylene derivatives
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Shenghong Petrochemical](https://endata.com/companies/40565.md) (partner)
- [Dongfang Shenghong](https://endata.com/companies/55289.md) (acquirer)
- [Sierbang](https://endata.com/companies/55290.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/478508.html), 2021-05-20: "公司发布公告，已与盛虹石化、博虹实业、建信投资、中银资产签署《发行股份及支付现金购买资产协议》，拟以发行股份及支付现金方式购买其合计持有的斯尔邦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.