# Luyang Energy-Saving Materials to acquire 100% of Qinai Shanghai from Unifrax UK Holdco

Shandong Luyang Energy-Saving Materials Co., Ltd. agreed to acquire 100% of Qinai United Fiber (Shanghai) Co., Ltd. from UNIFRAX UK HOLDCO LTD. The acquisition was submitted for shareholder approval on September 6, 2023.

- Type: Acquisition
- Announced: 2023-08-18
- Where: China
- Status: announced
- Products: lithium battery ceramic fiber paper
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Shandong Luyang Energy-Saving Materials](https://endata.com/companies/70202.md) (acquirer)
- [UNIFRAX UK HOLDCO LTD](https://endata.com/companies/72447.md) (target)
- [Qinai United Fiber (Shanghai)](https://endata.com/companies/72448.md) (target)

## Sources

- [paper.cnstock.com](https://paper.cnstock.com/html/2023-09/06/content_1816935.htm), 2023-09-06: "公司拟收购UNIFRAX UK HOLDCO LTD持有的奇耐上海100%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.