# Rongtai shares to acquire 53% of Li Zhun Machinery for 190.8 million yuan

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.

- Type: Acquisition
- Announced: 2022-08-30
- Where: Dachang Chaobaihe Industrial Park, Beijing East, China
- Value: $28.0M (190.8M CNY)
- Status: announced
- Products: customized CNC machine tools
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Jiangsu Rongtai Industrial](https://endata.com/companies/65025.md) (acquirer)
- [Hebei Li Zhun Machinery Manufacturing](https://endata.com/companies/65026.md) (target)
- [Hebei Zhonglicheng Information Consulting Center](https://endata.com/companies/65027.md) (partner)

## Sources

- [yzweekly.com](https://www.yzweekly.com/xyzd/qiche/7620.htm), 2022-08-31: "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."

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