Forest Packaging Acquires 100% Stake in Dongyang Conba Printing and Packaging for RMB 50.98 Million

M&A · Partnership

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Summary · why it matters

Forest Packaging has acquired a 100% equity stake in Dongyang Conba Printing and Packaging Co., Ltd. for RMB 50.98 million. The company won the bid through a public auction on the Zhejiang Property Rights Exchange, taking over the stake from Zhejiang Conba Pharmaceutical Co., Ltd. This transaction does not constitute a related-party transaction or a major asset restructuring.

Forest Packaging Group Co Ltd ▲

Zhejiang CONBA Pharmaceutical Co Ltd ±

Impact on stocks 2

Others▲ · 2 stocks

Forest Packaging Group Co Ltd

▲ PositiveCapitalrelevance

Acquires 100% stake in Dongyang Conba for RMB 50.98 million, expanding its packaging business.

Zhejiang CONBA Pharmaceutical Co Ltd

± MixedCapitalrelevance

Seller of the stake; receives proceeds but loses a subsidiary.

Off-coverage companies 1

东阳市康恩贝印刷包装有限公司Private± Mixed

Capitalrelevance

Target of acquisition; ownership changes but no operational impact stated.