# Downey Science & Technology to acquire Guangdong Modern Engineering Plastics for ¥97M

Downey Science & Technology Co., Ltd. (Daowen Gufen) plans to acquire 100% of Guangdong Modern Engineering Plastics Co., Ltd. for ¥97 million to optimize its regional layout in South China.

- Type: Acquisition
- Announced: 2023-09-19
- Where: Zhaoqing, Guangdong, China
- Value: $13.3M (97.0M CNY)
- Status: announced
- Products: high-performance special plastic products
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Downey Science & Technology](https://endata.com/companies/72706.md) (acquirer)
- [Guangdong Modern Engineering Plastics](https://endata.com/companies/72707.md) (target)

## Sources

- [finance.ifeng.com](https://finance.ifeng.com/c/8TCvV0t6bji), 2023-09-19: "本次收购广东现代，有利于公司优化产业区域布局，提升公司综合竞争力，促进公司经营发展，符合公司的战略发展规划。"

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