# Haoji Electromechanical to buy 80% of Xianlong Motor for up to 80M yuan

Haoji Electromechanical (300503) signed an agreement on May 31, 2017 to acquire 80% equity of Dongguan Xianlong Motor for up to 80 million yuan, to expand its spindle product line.

- Type: Acquisition
- Announced: 2017-05-31
- Where: Dongguan, China
- Value: $11.7M (80.0M CNY)
- Status: announced
- Products: spindles, CNC machine tool components
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Haoji Electromechanical](https://endata.com/companies/17222.md) (acquirer)
- [Dongguan Xianlong Motor](https://endata.com/companies/17223.md) (target)

## Sources

- [cs.com.cn](https://www.cs.com.cn/ssgs/gsxw/201706/t20170601_5304447.html), 2017-06-01: "公司拟以不超过8,000万元人民币购买乙方各人（按出资比例）合计持有的东莞市显隆电机有限公司80%的股权。"

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