Shenyang Machine Tool (Group) Co., Ltd. signed the asset sale agreement to acquire Zhongjie Machine Tool Co., Ltd., Shenyang Machine Tool Import & Export Co., Ltd., SMTCL Canada Inc., Shenyang No. 1 machine tool plant, Zhongjie drilling and boring machine plant, Shenyi Xisi CNC machine tool division, and aerospace industry department from Shenyang Machine Tool Co., Ltd. (SZSE:000410) for CNY 1 on October 26, 2017. The transaction is subject to the approval of the shareholders of Shenyang Machine Tool Co., Ltd. and was approved by its Board of Directors in the 5th meeting of 8th directorate on October 26, 2017.
Shenyang Machine Tool (Group) Co., Ltd. cancelled the acquisition to acquire Zhongjie Machine Tool Co., Ltd., Shenyang Machine Tool Import & Export Co., Ltd., SMTCL Canada Inc., Shenyang No. 1 machine tool plant, Zhongjie drilling and boring machine plant, Shenyi Xisi CNC machine tool division, and aerospace industry department from Shenyang Machine Tool Co., Ltd. (SZSE:000410) on October 26, 2018.
SHENYANG MACHINE TOOL CO,LTD is a China-based company principally engaged in manufacture and sale of metal cutting machine tools and spare parts. The Company's main products include computerized numerical control machine tools, general lathes, general boring machines and general drilling machines, as well as relevant spare parts. The Company’s products are mainly used for the cutting and processing of metal materials. The Company distributes its products in domestic market and to overseas markets.
