Qinhuangdao North Glass

Luoyang Glass Company has agreed to acquire the remaining 60% equity of North Glass from Yaohua Group for RMB 182 million, making North Glass a wholly-owned subsidiary.

Luoyang Glass signed framework agreements on December 30, 2020 to acquire controlling stakes (51%-80%) in Qinhuangdao North Glass from China Yaohua Glass Group and in Kaisheng Jinghua Glass from Kaisheng Glass Holdings.