Terry Machinery plans to acquire 51% stake in Yixinwei

Terry Machinery announced plans to acquire no less than 51% of Yixinwei's shares through equity transfer and capital increase, for a total consideration of up to 244.8 million yuan. The board approved the plan on November 2, 2026, and a framework agreement was signed.

“The company plans to transfer 16% of the shares held by the original shareholders of Yixinwei for no more than 44.8 million yuan, and to increase capital by no more than 200 million yuan to acquire 41.67% of the shares after the capital increase.”webull.com

• 1 source
• webull.comTerry Machinery announced that the company plans to acquire no less than 51% of Yixinwei's shares through equity transfer and capital increase. It was reviewed and approved by the board of directors on November 2, 2026, and signed a framework agreement with Yixinwei and its actual controller Zhou Yongqiang. The company plans to transfer 16% of the shares held by the original shareholders of Yixinwei for no more than 44.8 million yuan, and to increase capital by no more than 200 million yuan to acquire 41.67% of the shares after the capital increase. After the transaction is completed, the company will hold a total of 51.00% of the shares of Yixinwei, and Yixinwei will become a holding subsidiary. The transaction price has not yet been finalized, the audit evaluation work has not been completed, and a formal transaction agreement has not yet been signed.Nov 2, 2026

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