# Sinomach merges with China Hi-Tech Group

China's State Council approved the merger of China National Machinery Industry Corporation (Sinomach) and China Hi-Tech Group Corporation. The textile conglomerate becomes a wholly-owned subsidiary of Sinomach.

- Type: Acquisition
- Announced: 2017-07-05
- Where: China
- Status: announced
- Products: machinery, textile machinery
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [China National Machinery Industry Corporation](https://endata.com/companies/17355.md) (acquirer)
- [China Hi-Tech Group Corporation](https://endata.com/companies/17356.md) (target)

## Sources

- [sinomach.com.cn](https://www.sinomach.com.cn/en/MediaCenter/News/201707/t20170705_165519.html), 2017-07-05: "The merger was in line with the country's aim to raise the competitiveness of SOEs, bringing technology and research capabilities to companies such as China Hi-Tech Group."

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