# CHAMPION HOLDING to privatize COFCO Packaging in HK$7.65B deal

CHAMPION HOLDING (BVI) CO., LTD, via a voluntary cash offer, will acquire all shares of COFCO Packaging (00906.HK) at HK$6.87 per share, valuing the deal at up to HK$7.649 billion, to take the company private.

- Type: Acquisition
- Announced: 2023-12-06
- Where: Hong Kong SAR China
- Value: $978.0M (7.65B HKD)
- Status: announced
- Products: packaging materials
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [COFCO Packaging](https://endata.com/companies/4474.md) (target)
- [China Foods](https://endata.com/companies/19697.md) (partner)
- [CHAMPION HOLDING (BVI) CO., LTD](https://endata.com/companies/74231.md) (acquirer)
- [Baowu](https://endata.com/companies/74232.md) (investor)
- [Guoxin Investment](https://endata.com/companies/74233.md) (investor)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/1034659.html), 2023-12-06: "申万宏源将代表要约人提出有先决条件的自愿全面现金要约，以收购所有股份并拟将中粮包装私有化。"

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