# Shandong Weiqiao Textile Technology to acquire Weiqiao Textile

Shandong Weiqiao Textile Technology Co., Ltd. entered into a merger agreement on December 4, 2023, to acquire Weiqiao Textile for HK$3.50 per H share and RMB 3.180870 per domestic share, totaling about HK$1.448 billion and RMB 72.8 million.

- Type: Acquisition
- Announced: 2023-12-04
- Where: China
- Value: $185.0M (1.45B HKD)
- Status: announced
- Products: textile products
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Weiqiao Textile](https://endata.com/companies/55137.md) (target)
- [Shandong Weiqiao Textile Technology Co., Ltd.](https://endata.com/companies/74202.md) (acquirer)

## Sources

- [sjfzxm.com](https://www.sjfzxm.com/global/en/595480.html), 2023-12-05: "The cancellation price of HK $3.50 per H share is about 104.68% higher than the closing price of HK $1.710 per H share on November 24, 2023."

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