# Shenyang Machine Tool plans RMB 218M asset transfer from related party

Shenyang Machine Tool plans to acquire 792 items of existing fixed equipment from General Technology Group Shenyang Machine Tool Co., Ltd. in a related-party transaction valued at RMB 218.02 million, pending shareholder approval.

- Type: Acquisition
- Announced: 2026-10-30
- Where: China
- Value: $30.2M (218.0M CNY)
- Status: announced
- Products: machine tools, machinery equipment
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Shenyang Machine Tool Group](https://endata.com/companies/17056.md) (acquirer)
- [General Technology Group Shenyang Machine Tool](https://endata.com/companies/46627.md) (target)

## Sources

- [cncoutlook.com](https://cncoutlook.com/news/shenyang-machine-tool-rmb218m-792-equipment-asset-transfer-2026/), 2026-10-30: "Shenyang Machine Tool plans to acquire 792 items of existing fixed equipment from a company under the same controlling group in a proposed transaction valued at RMB 218.02 million including tax."

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