# Brightcn completes acquisition of controlling stake in Hengtian Changjiang

Shenzhen Brightcn Industrial Co., Ltd. completed the acquisition of a controlling stake in Hengtian Changjiang Biomaterials Co., Ltd., making it a subsidiary. The acquisition fills Brightcn's capacity gap in polylactic acid fibers.

- Type: Acquisition
- Announced: 2023-12-29
- Where: China
- Status: completed
- Products: polylactic acid fibers, nonwoven fabrics
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Shenzhen Brightcn Industrial Co., Ltd.](https://endata.com/companies/74701.md) (acquirer)
- [Hengtian Changjiang Biomaterials Co., Ltd.](https://endata.com/companies/74702.md) (target)

## Sources

- [brightcn.net](https://www.brightcn.net/news/guanghua-weiye-officially-completed-the-acquisition-of-hengtian-changjiang-s-controlling-stake/), 2023-12-29: "2023年12月，深圳光华伟业股份有限公司对恒天长江生物材料有限公司（以下简称“恒天长江”）的控股收购完成工商变更，恒天长江正式成为光华伟业的控股子公司。"

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