# Zhejiang Wansheng to acquire 59.33% stake in Shine Polymer for CNY 375 million

Zhejiang Wansheng Co., Ltd. signed a share transfer agreement to acquire a 59.33% stake in Shine Polymer (Guangzhou) Technology Co., Ltd. for approximately CNY 375 million, becoming the controlling shareholder.

- Type: Acquisition
- Announced: 2024-07-23
- Where: Guangzhou, China
- Status: announced
- Products: polymer products
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Zhejiang Wansheng](https://endata.com/companies/78775.md) (acquirer)
- [Shine Polymer (Guangzhou) Technology](https://endata.com/companies/78776.md) (target)
- [Guangzhou Zhongsen Jufu Investment Partnership](https://endata.com/companies/78777.md) (partner)
- [Shi Jianwei](https://endata.com/companies/78778.md) (partner)
- [Liu Hui](https://endata.com/companies/78779.md) (partner)
- [Zhou Liang](https://endata.com/companies/78780.md) (partner)

## Sources

- [uk.marketscreener.com](https://uk.marketscreener.com/quote/stock/ZHEJIANG-WANSHENG-CO-LTD-21683498/news/Zhejiang-Wansheng-Co-Ltd-signed-a-letter-of-intent-to-acquire-59-33-stake-in-Shine-Polymer-Guang-47453408/), 2024-07-23: "After the completion of this transaction, Zhejiang Wansheng will become the controlling shareholder of Shine Polymer(Guangzhou)Technology Co., Ltd."

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