Loading…
Jiangsu Rongtai Industrial Co., Ltd. announced it will acquire 53% of Hebei Li Zhun Machinery Manufacturing Co., Ltd. for 190.8 million yuan. Li Zhun Machinery is a manufacturer of customized CNC machine tools.
“Acquiring control of the target company will help the company achieve internal supporting supply of high-end non-standard equipment in global factories and further optimize the upstream and downstream supply chain relationship.”yzweekly.com
Summarized from public sources; check the original articles before acting on it.