# Xinjiang Urban Construction proposes to acquire 95% stake in Zhuolang Intelligent Machinery for CNY 9.7B

Xinjiang Urban Construction (Group) Co., Ltd proposed to acquire a 95% stake in Zhuolang Intelligent Machinery Co., Ltd. for CNY 9.7 billion.

- Type: Acquisition
- Announced: 2017-06-19
- Where: China
- Value: $1.42B (9.70B CNY)
- Status: announced
- Products: intelligent machinery
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Xinjiang Urban Construction (Group) Co., Ltd](https://endata.com/companies/17275.md) (acquirer)
- [Zhuolang Intelligent Machinery Co., Ltd](https://endata.com/companies/17276.md) (target)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/SAURER-INTELLIGENT-TECHNO-6660666/news/Xinjiang-Urban-Construction-Co-Ltd-proposed-to-acquire-95-stake-in-Zhuolang-Intelligent-Machinery-35058463/), 2017-06-19: "Xinjiang Urban Construction (Group) Co., Ltd proposed to acquire 95% stake in Zhuolang Intelligent Machinery Co., Ltd. for CNY 9.7 billion on June 20, 2017."

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