Qinchuan Machine Tool to acquire minority stake in Qinchuan CNC and integrate smart manufacturing businesses

Qinchuan Machine Tool Group's board approved acquiring the remaining 16.5423% stake in subsidiary Xi'an Qinchuan CNC System Engineering to make it wholly owned, then using its net assets to increase capital in subsidiary Shaanxi Qinchuan Smart Machine Tool Research Institute, after which Qinchuan CNC will be dissolved.

“To better leverage the synergies among smart machine tools, CNC software, and smart manufacturing businesses, the company plans to integrate related operations.”stock.cngold.org

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• stock.cngold.org秦川机床工具集团股份公司 第八届董事会第十七次会议决议公告-股市公告-金投网Sep 21, 2022

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