# Sinomach to absorb China Machinery Engineering Corporation in HK$3.36B deal

China Machinery Engineering Corporation (CMEC) will be absorbed by China Sumec Automobile Industry Consulting Development Co., Ltd., a subsidiary of Sinomach. H-share holders will receive HK$3.70 per share, a 45.1% premium, and CMEC will be delisted from the Hong Kong Stock Exchange.

- Type: Acquisition
- Announced: 2021-01-13
- Where: China
- Value: $433.0M (3.36B HKD)
- Status: announced
- Products: engineering and construction services
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [China Machinery Engineering](https://endata.com/companies/2168.md) (target)
- [Sinomach](https://endata.com/companies/28353.md) (acquirer)
- [China Sumec Automobile Industry Consulting Development](https://endata.com/companies/52483.md) (acquirer)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/393274.html), 2021-01-13: "要约人及该公司将根据合并协议的条款及条件实施合并，该公司将根据中国公司法及其他适用中国法律被要约人吸收合并。"

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