# Dowon to acquire Guangdong Hyundai Engineering Plastics for CNY 97M

Dowon (Shandong Dowon Technology) announced it will acquire 100% equity of Guangdong Hyundai Engineering Plastics for CNY 97 million. The target produces high-performance specialty plastic products in Zhaoqing, Guangdong.

- Type: Acquisition
- Announced: 2023-09-18
- Where: Zhaoqing, Guangdong, China
- Value: $13.3M (97.0M CNY)
- Status: announced
- Products: high-performance specialty plastic products
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Shandong Dowon Technology](https://endata.com/companies/72693.md) (acquirer)
- [Guangdong Hyundai Engineering Plastics](https://endata.com/companies/72694.md) (target)

## Sources

- [stock.cngold.org](https://stock.cngold.org/c/2023-09-19/c8854368.html), 2023-09-19: "本次收购完成后，公司将可以实现对客户的就近配套，大大节约成本。"

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