# Topstar Technology to invest CNY 130 million for 51% stake in Evermill

Topstar Technology (300607.SZ) plans to invest approximately CNY 130 million to acquire a 51% stake in Dongguan Evermill CNC Equipment Technology Co., Ltd, a manufacturer of five-axis CNC machine tools.

- Type: Acquisition
- Announced: 2020-11-10
- Where: Dongguan, China
- Value: $19.7M (130.0M CNY)
- Status: announced
- Products: five-axis CNC machine tools, graphite machining centers, high-speed machining centers, grinding machines
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Topstar Technology](https://endata.com/companies/51084.md) (acquirer)
- [Dongguan Evermill CNC Equipment Technology Co., Ltd](https://endata.com/companies/51085.md) (target)

## Sources

- [zhitongcaijing.com](https://www.zhitongcaijing.com/content/detail/360670.html), 2020-11-10: "公司拟使用约1.3亿元受让埃弗米原股东部分股权及认购新增注册资本，合计持有埃弗米51%的股份。"

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