# Luoyang Glass to acquire remaining 40% stake in Qinhuangdao North Glass

Luoyang Glass (600876.SH) plans to acquire the remaining 40% equity of Qinhuangdao North Glass from China Yaohua Glass Group for RMB 164 million, making North Glass a wholly-owned subsidiary to accelerate its solar photovoltaic panel project.

- Type: Acquisition
- Announced: 2022-11-23
- Where: Qinhuangdao, China
- Value: $23.0M (164.0M CNY)
- Status: announced
- Products: solar photovoltaic glass
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Luoyang Glass](https://endata.com/companies/20482.md) (acquirer)
- [China Yaohua Glass Group](https://endata.com/companies/52227.md) (partner)
- [Qinhuangdao North Glass](https://endata.com/companies/52228.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/836080.html), 2022-11-23: "本次交易实施完成后，北方玻璃将成为公司全资子公司，有利于提升其运营决策效率，并加快推进北方玻璃太阳能光伏电池封装材料项目建设进度。"

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