# Wuchan Zhongda to acquire up to 82.3% of Qixin Alloy for up to CNY 2.27B

Wuchan Zhongda's subsidiary will acquire up to 82.3049% of Zhejiang Qixin Alloy Materials through share transfers and auctions, with a maximum total consideration of CNY 2.27 billion.

- Type: Acquisition
- Announced: 2023-08-18
- Where: China
- Value: $311.0M (2.27B CNY)
- Status: announced
- Products: alloy materials
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Wuchan Zhongda](https://endata.com/companies/72117.md) (acquirer)
- [Zhejiang Qixin Alloy Materials](https://endata.com/companies/72118.md) (target)

## Sources

- [guandian.cn](https://www.guandian.cn/article/20230818/354243.html), 2023-08-18: "本次收购通过协议转让和公开竞拍两种方式进行，最终收购标的公司不超过82.3049%股权，最高交易总金额原则上不超过人民币22.7亿元。"

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