# Wanshili to acquire 31% stake in Hangzhou Boyang for 16.5M yuan

Wanshili plans to acquire 31% equity of Hangzhou Boyang New Material Technology Co., Ltd. from Shanghai Boyang Textile Technology Co., Ltd. for 16.5 million yuan, increasing its total stake to 51%.

- Type: Acquisition
- Announced: 2022-01-21
- Where: China
- Value: $2.60M (16.5M CNY)
- Status: announced
- Products: digital printing materials
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Wanshili](https://endata.com/companies/60493.md) (acquirer)
- [Hangzhou Boyang New Material Technology Co., Ltd.](https://endata.com/companies/60494.md) (target)
- [Shanghai Boyang Textile Technology Co., Ltd.](https://endata.com/companies/60495.md) (partner)

## Sources

- [equalocean.com](https://equalocean.com/briefing/20220121230114464), 2022-01-21: "the company plans to acquire 31% equity of Hangzhou Boyang New Material Technology Co., Ltd. held by Shanghai Boyang Textile Technology Co., Ltd. for 16.5 million yuan."

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