# XCMG receives regulatory approval for $5.9B merger with XCMG Construction Machinery

Xuzhou Construction Machinery Group (XCMG) received approval from the China Securities Regulatory Commission to issue shares to acquire and merge with XCMG Construction Machinery Co., Ltd. at a price of 38.686 billion Yuan (approx. USD 5.9 billion). The transaction will inject assets including excavation machinery, concrete machinery, mining machinery, and tower cranes into the listed company.

- Type: Acquisition
- Announced: 2022-05-06
- Where: China
- Value: $5.90B (38.7B CNY)
- Status: announced
- Products: excavation machinery, concrete machinery, mining machinery, tower cranes
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Xuzhou Construction Machinery Group](https://endata.com/companies/42855.md)
- [Xuzhou Construction Machinery Group](https://endata.com/companies/42855.md) (acquirer)
- [Xuzhou Construction Machinery Group](https://endata.com/companies/42855.md) (target)
- [XCMG Construction Machinery](https://endata.com/companies/52617.md) (target)

## Sources

- [xcmgmachinery.com](https://www.xcmgmachinery.com/acquisition.html), 2022-05-06: "The approval of the overall listing by the China Securities Regulatory Commission marks the substantial success of the reorganization."
- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/727658.html), 2022-05-23: "中国证监会上市公司并购重组审核委员会定于2022年5月27日审核公司吸收合并徐工集团工程机械有限公司"

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