# Chaojie to acquire 52% stake in Chengdu Xinyue CNC Machinery for 122M yuan

Chaojie Fastening Systems (Shanghai) Co., Ltd. announced it will invest 122 million yuan to acquire a 52% stake in Chengdu Xinyue CNC Machinery Co., Ltd., a manufacturer of aircraft parts and engine components, to enter the aviation manufacturing sector.

- Type: Acquisition
- Announced: 2022-01-21
- Where: China
- Value: $19.2M (122.0M CNY)
- Status: announced
- Products: aircraft parts, engine components
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Chaojie Fastening Systems (Shanghai) Co., Ltd.](https://endata.com/companies/60496.md) (acquirer)
- [Chengdu Xinyue CNC Machinery Co., Ltd.](https://endata.com/companies/60497.md) (target)

## Sources

- [zqrb.cn](http://www.zqrb.cn/gscy/qiyexinxi/2022-01-21/A1642768610158.html), 2022-01-21: "为了推动公司进入航空制造领域，公司与王胜永、杨明清、成都海涵机械制造合伙企业（有限合伙）签署了《投资意向协议》"

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