# National Manufacturing Transformation Fund plans to invest in Huazhong Numerical Control

Huazhong Numerical Control (华中数控) plans to raise 857 million yuan through a private placement, with the National Manufacturing Transformation Fund (国家制造业转型升级基金) as one of the investors. The funds will be used for high-end CNC system technology upgrades, capacity expansion, and infrared product industrialization.

- Type: Investment
- Announced: 2020-03-13
- Where: China
- Value: $122.0M (857.0M CNY)
- Status: announced
- Products: CNC systems, infrared products
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Huazhong Numerical Control](https://endata.com/companies/16445.md)
- [National Manufacturing Transformation Fund](https://endata.com/companies/45928.md) (investor)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/282200.html), 2020-03-15: "华中数控拟定增募资8.57亿元，投入高性能数控系统技术升级及扩产能项目、红外产品产业化项目和补充流动资金。"

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