# 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.

- Type: Acquisition
- Announced: 2019-07-23
- Where: South Korea
- Value: $56.0M (385.0M CNY)
- Status: announced
- Products: laser cutting apparatus, laser processing technologies for display panels, consumer electronics, new energy vehicles
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Yawei Machine Tool](https://endata.com/companies/40851.md) (acquirer)
- [LIS](https://endata.com/companies/40852.md) (target)
- [Sooin Cosmetic](https://endata.com/companies/40853.md) (partner)
- [BNB Investment](https://endata.com/companies/40854.md) (partner)

## Sources

- [yicaiglobal.com](https://www.yicaiglobal.com/news/china-yawei-rallies-on-plan-to-buy-majority-stake-in-south-korean-laser-cutting-firm-lis), 2019-07-24: "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."

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