# Guanghua Weiye acquires 51.265% stake in Hengtian Yangtze Biomaterials

Shenzhen Guanghua Weiye Co., Ltd. signed an equity transaction contract to acquire 51.265% equity and related debt of Hengtian Yangtze Biomaterials Co., Ltd. from Hengtian Fiber Group. The transaction amount is RMB 52,245,332.52, with the equity price at 0.0001 yuan and the debt price at 52,245,331.52 yuan.

- Type: Acquisition
- Announced: 2023-12-18
- Where: China
- Value: $7.30M (52.2M CNY)
- Status: announced
- Products: polylactic acid fiber
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Shenzhen Guanghua Weiye](https://endata.com/companies/74578.md) (acquirer)
- [Hengtian Fiber Group](https://endata.com/companies/74579.md) (target)
- [Hengtian Yangtze Biomaterials](https://endata.com/companies/74580.md) (target)

## Sources

- [51dmapa.com](https://www.51dmapa.com/the-property-transaction-contract-has-been-signed-guanghua-weiye-will-control-hengtian-yangtze-biotechnology-to-promote-the-research-and-development-and-production-of-polylactic-acid-fiber/), 2023-12-21: "This external investment is based on the company's business development plan and realizes the company's strategic layout."

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