# Changhong Hi-Tech to acquire Guangxi Changke for cash

Changhong Hi-Tech announced plans to purchase 100% equity of Guangxi Changke New Materials for cash. Guangxi Changke is China's largest bulk-method ABS resin manufacturer with a designed capacity of 600,000 tons/year. The transaction is expected to constitute a major asset reorganization.

- Type: Acquisition
- Announced: 2023-08-31
- Where: China
- Status: announced
- Capacity: 600,000 tons/year
- Products: ABS resin, SAN resin, polystyrene products
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Changhong Hi-Tech](https://endata.com/companies/72695.md) (acquirer)
- [Guangxi Changke New Materials](https://endata.com/companies/72696.md) (target)

## Sources

- [allhdi.com](https://www.allhdi.com/archives/5414), 2023-09-19: "Guangxi Changke is currently the largest bulk-method ABS resin manufacturer in China."

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