# Kunming Machine Tool shareholders approve sale of traditional machine tool business

Kunming Machine Tool's shareholders approved the sale of its horizontal boring machine and planer-type boring machine business and related assets, as well as subsidiaries Kunming Kunji General Equipment Co., Ltd. and Xi'an Saier Pump and Compressor Complete Set Equipment Co., Ltd., via public listing.

- Type: Closure
- Announced: 2016-11-01
- Where: Kunming, China
- Status: announced
- Products: horizontal boring machines, planer-type boring machines
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Kunming Machine Tool](https://endata.com/companies/16267.md)
- [Kunming Kunji General Equipment Co., Ltd.](https://endata.com/companies/16268.md) (target)
- [Xi'an Saier Pump and Compressor Complete Set Equipment Co., Ltd.](https://endata.com/companies/16269.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/28175.html), 2016-11-01: "昆明机床(00300)股东大会通过批准以公开挂牌方式出售卧式镗床和刨台式镗床业务以及相关资产"

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