Hunan Yuhuan No. 1 Venture Capital Partnership agreed to acquire 27% stake in Hunan Yuhuan Precision Manufacturing Co., Ltd from Yuhuan CNC Machine Tool Co.,Ltd. for CNY 8.2620 million.
July 27, 2022
Share
Hunan Yuhuan No. 1 Venture Capital Partnership (Limited) agreed to acquire 27% stake in Hunan Yuhuan Precision Manufacturing Co., Ltd from Yuhuan CNC Machine Tool Co.,Ltd. (SZSE:002903) for CNY 8.2620 million on July 26, 2022. Yuhuan CNC Machine Tool Co.,Ltd.'s Board of Directors approved the deal.
Yuhuan CNC Machine Tool Co Ltd is a China-based company mainly engaged in research and development, manufacture and sales of computer numerical control (CNC) grinding equipment and intelligent equipment. The Companyâs main products include CNC grinding machines, CNC grinding and polishing machines and intelligent equipment products, such as double-end CNC grinding machines, CNC camshaft grinders, CNC valve grinders, 3D magnetic flow polishing machines, CNC double-side polishing machines, CNC one side polishing machines, industrial robots and intelligent equipment sets and others. The Companyâs products are mainly applied in consumer electronics, automotive, new material, instrumentation and other fields. The Company is also engaged in the provision of comprehensive solutions for precision grinding and intelligent manufacturing technology. The Company conduct its businesses in domestic and overseas markets.
YUHUAN CNC MACHINE TOOL CO.,LTD. 
