# Hengfeng Tools plans to acquire 51-70% of Chengdu Xin Chengliang

Hengfeng Tools (300488.SZ) announced it is planning to acquire a 51-70% stake in Chengdu Xin Chengliang Tools Co., Ltd. for cash. The target is a leading machine tool and tooling company in China.

- Type: Acquisition
- Announced: 2022-01-24
- Where: China
- Status: announced
- Products: general measuring tools, general cutting tools, CNC tools, special inspection instruments
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Hengfeng Tools](https://endata.com/companies/48598.md) (acquirer)
- [Chengdu Xin Chengliang Tools Co., Ltd.](https://endata.com/companies/60513.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/646319.html), 2022-01-24: "恒锋工具(300488.SZ)公告，公司正在筹划以支付现金方式收购成都新成量工具有限公司股权事宜。"

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