Yawei Machine Tool to buy majority stake in South Korea's LIS for CNY385M

Yawei Machine Tool's unit, Yawei Precision Laser South Korea, will purchase nearly 22% of LIS from Sooin Cosmetic and BNB Investment for CNY385 million (USD56 million) to expand its laser cutting business. The companies will also form a joint venture in China.

“Yawei Machine Tool's share price climbed 10 percent to CNY5.60 after the Chinese metal forming equipment maker announced that its unit will purchase a majority stake in South Korea's LIS for CNY385 million.”yicaiglobal.com

• 1 source
• yicaiglobal.comChina's Yawei Rallies on Plan to Buy Majority Stake in South Korean Laser Cutting Firm LISZhang YushuoJul 24, 2019

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