# COFCO Engineering & Technology to acquire 55% stakes in Dongying Yingchun and Hunan Yingchun

COFCO Engineering & Technology (Zhongliang Gongke) signed agreements to acquire 55% of Dongying Yingchun Precision Machinery and 55% of Hunan Yingchun Siborui Intelligent Equipment for a total of CNY 62.06 million, to expand its equipment manufacturing capabilities.

- Type: Acquisition
- Announced: 2021-10-25
- Where: China
- Value: $9.70M (62.1M CNY)
- Status: announced
- Products: mechanical equipment manufacturing and installation
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Food Processing Equipment](https://endata.com/sectors/food-processing-equipment.md)

## Companies

- [COFCO Engineering & Technology](https://endata.com/companies/58658.md) (acquirer)
- [Dongying Yingchun Precision Machinery](https://endata.com/companies/58659.md) (target)
- [Hunan Yingchun Siborui Intelligent Equipment](https://endata.com/companies/58660.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/581070.html), 2021-10-25: "通过本次收购，公司可拓展在装备制造领域方面的发展，完善公司业务布局，提高公司的盈利能力和市场影响力。"

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