# Shanghai Top Numerical Control Technology signs LOI to acquire at least 70% of CNC machine tool company

Shanghai Top Numerical Control Technology (TOPNC) signed a non-binding letter of intent on October 20, 2026 to acquire not less than 70% equity in a CNC machine tool company. The target researches, manufactures and sells multi-axis CNC machine tools and direct-drive high-speed five-axis machines for precision parts processing.

- Type: Acquisition
- Announced: 2026-10-21
- Where: China
- Status: announced
- Products: multi-axis multi-channel CNC machine tools, direct-drive high-speed five-axis machines
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Shanghai Top Numerical Control Technology](https://endata.com/companies/94672.md) (acquirer)

## Sources

- [minichart.com.sg](https://www.minichart.com.sg/2026/10/21/topnc-signs-90-day-loi-to-buy-at-least-70-of-cnc-machine-tool-target/), 2026-10-21: "The Company said it signed a non-binding letter of intent on 20 October 2026 to acquire in aggregate not less than 70% of the equity interest in a CNC machine tool company."
- [finance.eastmoney.com](https://finance.eastmoney.com/a/202610213902168315.html), 2026-10-21: "公司于2026年10月20日与一名潜在卖方及目标公司订立不具法律约束力的意向书，拟有条件收购目标公司合计不少于70%的股权。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.