# Guangxi Yuchai Machinery Monopoly Development acquires remaining stake in Hunan Yuchai Machinery Industry

Guangxi Yuchai Machinery Monopoly Development Co. acquired the remaining 49% equity interest in Hunan Yuchai Machinery Industry Co. from joint venture partner Hunan Chengwei Automobile Spare Parts Company for RMB 6,694,500 (approximately $1.03 million), making HYMIC a wholly owned subsidiary.

- Type: Acquisition
- Announced: 2018-01-02
- Where: China
- Value: $1.03M (6.69M CNY)
- Status: completed
- Products: engines for on- and off-road applications
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Guangxi Yuchai Machinery Monopoly Development Co.](https://endata.com/companies/18091.md) (acquirer)
- [Hunan Yuchai Machinery Industry Co.](https://endata.com/companies/18092.md) (target)
- [Hunan Chengwei Automobile Spare Parts Company](https://endata.com/companies/18093.md) (partner)

## Sources

- [aftermarketnews.com](https://www.aftermarketnews.com/china-yuchai-announces-increase-shareholding-subsidiary/), 2018-01-02: "As a result of the acquisition, Hunan Yuchai Machinery Industry Co. is now a wholly owned subsidiary of Guangxi Yuchai Machinery Monopoly Development Co."

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