Huadong Heavy Machinery to acquire Runxing Technology for 2.95 billion yuan

Huadong Heavy Machinery (华东重机) announced it will acquire 100% of Runxing Technology (润星科技) for 2.95 billion yuan, paid via stock and cash, to enter the CNC machine tool business.

“此次交易完成后，润星科技将成为公司全资子公司，公司将新增数控机床业务。”cs.com.cn

• 2 sources
• cs.com.cn华东重机拟29.5亿收购润星科技 进军数控机床业务_中证网May 1, 2017
• jc35.com华东重机：收购润星科技转型制造_华东重机,科技,制造,CNC,中心,数控机床_机床股市_机床商务网Jul 11, 2017

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