# Yadong Group subsidiary to acquire Xionglian (Changzhou) Textile Printing and Dyeing for CNY 80M

Yadong Group's indirect wholly-owned subsidiary Yadong (Changzhou) Technology Co., Ltd. agreed to acquire 100% of Xionglian (Changzhou) Textile Printing and Dyeing Co., Ltd. from Hong Kong Huahai Capital Investment Construction Management Co., Ltd. for CNY 80 million.

- Type: Acquisition
- Announced: 2022-01-14
- Where: Changzhou, China
- Value: $12.6M (80.0M CNY)
- Status: announced
- Products: textile printing and dyeing, environmental protection equipment, high-grade fabrics
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Yadong Group](https://endata.com/companies/60442.md) (acquirer)
- [Yadong (Changzhou) Technology Co., Ltd.](https://endata.com/companies/60443.md) (acquirer)
- [Xionglian (Changzhou) Textile Printing and Dyeing Co., Ltd.](https://endata.com/companies/60444.md) (target)
- [Hong Kong Huahai Capital Investment Construction Management Co., Ltd.](https://endata.com/companies/60445.md) (partner)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/643563.html), 2022-01-19: "于2022年1月14日，该公司的间接全资附属公司亚东(常州)科技有限公司作为买方，与卖方香港华海资本投资建设管理有限公司订立股权转让协议，据此，买方有条件同意收购而卖方有条件同意出售目标公司雄联(常州)纺织印染有限公司100%股权，代价为人民币8000万元。"

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