# Shengxing Shares to acquire Pacific Can (Shenyang) for 171 million yuan

Shengxing Shares plans to buy 100% of Pacific Can (Shenyang) from Pacific Can (Fuzhou) for 171 million yuan in internal funds to expand its two-piece can business in northeast China; the related agreement was signed on 30 November 2020.

- Type: Acquisition
- Announced: 2020-12-01
- Where: Shenyang, Liaoning, China
- Value: $25.9M (171.0M CNY)
- Status: announced
- Products: two-piece cans
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Shengxing Shares](https://endata.com/companies/7291.md) (acquirer)
- [Pacific Can (Shenyang)](https://endata.com/companies/7292.md) (target)
- [Pacific Can (Fuzhou)](https://endata.com/companies/7293.md) (partner)

## Sources

- [zhitongcaijing.com](https://www.zhitongcaijing.com/content/detail/371089.html), 2020-12-01: "公司拟以自筹资金1.71亿元，收购太平洋制罐(福州)集团有限公司持有的太平洋制罐(沈阳)有限公司全部股权。"

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