# National Manufacturing Transformation Fund to invest 300M yuan in Rifapm Machine Tool

China's National Manufacturing Transformation Fund will invest 300 million yuan for a 24.52% stake in Zhejiang Rifapm Precision Machinery's subsidiary Rifapm Machine Tool, with a strategic cooperation agreement signed on November 9, 2021.

- Type: Investment
- Announced: 2021-12-03
- Where: China
- Value: $47.0M (300.0M CNY)
- Status: announced
- Products: high-end CNC machine tools, spindles, swivel tables, five-axis heads, tool magazines
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Zhejiang Rifapm Precision Machinery Co., Ltd.](https://endata.com/companies/59412.md)
- [National Manufacturing Transformation Fund](https://endata.com/companies/45928.md) (investor)
- [Rifapm Machine Tool](https://endata.com/companies/59413.md) (target)

## Sources

- [rifapm.com](https://www.rifapm.com/en/news_con_1463.html), 2021-12-03: "国家制造业基金基于对数控机床产业的战略性布局，及对公司数控机床业务未来发展前景的充分认可，拟对日发机床增资 30,000万元人民币，以认购日发机床 24.52%的股权。"

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