# Shengxing Co to acquire Beijing Pacific Can Company for CNY 301 million

Shengxing Co (002752.SZ) plans to acquire all equity of Beijing Pacific Can Company from Fuzhou Pacific Can Group for CNY 301 million, funded from its own resources. The deal is to be signed under a sale agreement announced on 2022-08-16.

- Type: Acquisition
- Announced: 2022-08-16
- Where: Beijing, China
- Value: $44.5M (301.0M CNY)
- Status: announced
- Products: metal cans
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Shengxing Holdings](https://endata.com/companies/8095.md) (acquirer)
- [Fuzhou Pacific Can Group](https://endata.com/companies/9588.md) (partner)
- [Beijing Pacific Can Company](https://endata.com/companies/9589.md) (target)

## Sources

- [zhitongcaijing.com](https://www.zhitongcaijing.com/content/detail/772263.html), 2022-08-16: "公司拟自筹资金3.01亿元，收购太平洋制罐(福州)集团有限公司(以下简称“福州太平洋”)所持全资子公司太平洋制罐(北京)有限公司"

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