# Luxin Venture Capital subsidiaries to sell 45% stake in Xinghua Spandex for at least 138 million yuan

Luxin Venture Capital's wholly-owned subsidiaries Shandong High-tech Investment and Qilu Investment plan to sell their 45% stake in Xinghua Spandex for no less than 138 million yuan. The stake will be listed on the Shandong Property Rights Trading Center.

- Type: Acquisition
- Announced: 2022-03-22
- Where: China
- Value: $21.7M (138.0M CNY)
- Status: announced
- Products: spandex
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Luxin Venture Capital](https://endata.com/companies/61752.md)
- [Shandong High-tech Investment](https://endata.com/companies/61753.md)
- [Qilu Investment](https://endata.com/companies/61754.md)
- [Xinghua Spandex](https://endata.com/companies/61755.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/685679.html), 2022-03-22: "鲁信创投(600783.SH)发布公告，公司全资子公司山东高新投、齐鲁投资拟以不低于1.38亿元的价格对外转让持有的星华氨纶45%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.