# Qinchuan Machine Tool to acquire 42% stake in Baoji Loyal Machine Tool for $207M

Qinchuan Machine Tool Group Co., Ltd. announced on October 30, 2026, that it plans to acquire a 42.0635% stake in Baoji Loyal Machine Tool from Renren Investment for RMB 207 million in cash. The transaction will increase Qinchuan's total stake to 96.8254%.

- Type: Acquisition
- Announced: 2026-10-30
- Where: Baoji, Shaanxi, China
- Value: $29.0M (207.0M CNY)
- Status: announced
- Products: machine tools
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Qinchuan Machine Tool Group Co., Ltd.](https://endata.com/companies/14943.md)
- [Qinchuan Machine Tool Group Co., Ltd.](https://endata.com/companies/14943.md) (acquirer)
- [Baoji Loyal Machine Tool](https://endata.com/companies/14944.md) (target)
- [Renren Investment](https://endata.com/companies/14945.md) (partner)
- [Baoji Loyalty Machine Tool](https://endata.com/companies/15278.md) (target)

## Sources

- [cnu.com.cn](https://www.cnu.com.cn/industry/202611/300664.html), 2026-11-02: "秦川机床拟2.07亿元收购宝鸡忠诚机床42.0635%股权"
- [cnu.com.cn](https://www.cnu.com.cn/industry/202611/300952.html), 2026-11-03: "秦川机床拟以现金2.07亿元收购仁仁投资持有的宝鸡忠诚机床42.0635%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.