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Shengxing Co. plans to set up a wholly owned subsidiary in Vietnam to build a two-piece can production line with total investment of about $55.38 million. It would be the company's second overseas can factory after Cambodia.
Shengxing Co (002752.SZ) plans to acquire all equity of Beijing Pacific Can Company from Fuzhou Pacific Can Group for CNY 301 million, funded from its own resources. The deal is to be signed under a sale agreement announced on 2022-08-16.
Shengxing Co. (002752.SZ) announced that it will establish subsidiary Shengxing (Ya'an) Packaging in the Ya'an economic development zone, Sichuan, to build an aluminum beverage can production project. The total estimated investment is about 180 million yuan, announced May 10, 2022.
Shengxing Holdings (002752.SZ) plans to acquire all equity of Pacific Can (Qingdao) from Fuzhou Pacific Can Group for RMB 262 million, funded from its own resources, to expand its two-piece can business in Qingdao.
