# Shengxing Holdings to acquire Qingdao Pacific Can for RMB 262 million

Shengxing Holdings (002752.SZ) plans to acquire all equity of Pacific Can (Qingdao) from Fuzhou Pacific Can Group for RMB 262 million, funded from its own resources, to expand its two-piece can business in Qingdao.

- Type: Acquisition
- Announced: 2021-06-17
- Where: Qingdao, China
- Value: $40.5M (262.0M CNY)
- Status: announced
- Products: two-piece metal cans
- Sectors: [Packaging](https://endata.com/sectors/packaging.md), [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Pacific Can (Fuzhou)](https://endata.com/companies/7293.md) (partner)
- [Shengxing Holdings](https://endata.com/companies/8095.md) (acquirer)
- [Pacific Can (Qingdao)](https://endata.com/companies/8096.md) (target)

## Sources

- [zhitongcaijing.com](https://www.zhitongcaijing.com/content/detail/495924.html), 2021-06-17: "公司拟自筹资金2.62亿元，收购太平洋制罐(福州)集团有限公司所持全资子公司太平洋制罐(青岛)有限公司的全部股权。"

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