# Shineco to acquire 80% of Dream Partner Ltd, owner of antiviral fabric producer Chongqing Wintus Group

Shineco, Inc. entered into a non-binding framework agreement to acquire 80% equity interests of Dream Partner Limited, which indirectly owns 100% of Chongqing Wintus Group, a producer of antiviral silk fabric materials. The estimated purchase price is approximately $40 million.

- Type: Acquisition
- Announced: 2023-01-13
- Where: China
- Value: $40.0M
- Status: announced
- Products: antiviral silk fabric materials
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Shineco](https://endata.com/companies/67925.md) (acquirer)
- [Dream Partner Limited](https://endata.com/companies/67926.md) (target)
- [Chongqing Wintus Group](https://endata.com/companies/67927.md) (target)

## Sources

- [biospace.com](https://www.biospace.com/shineco-entered-into-framework-agreement-relating-to-acquisition-of-antiviral-fabric-producer-chongqing-wintus-group), 2023-01-17: "We are excited about the prospect of the potential transaction with Wintus, which we believe is an excellent fit for our current business and complements our R&D achievements in the medical and healthcare fields."

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