# Siasun Robot & Automation to acquire remaining 60% stake in Xinsong Investment for 236M yuan

Siasun Robot & Automation plans to acquire the remaining 60% stake in its subsidiary Shenyang Xinsong Investment Management for 236 million yuan, gaining full ownership and indirect control of 80% of SYNUS Tech Co., Ltd.

- Type: Acquisition
- Announced: 2022-10-10
- Where: China
- Value: $33.0M (236.0M CNY)
- Status: announced
- Products: robotics, panel and semiconductor equipment
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Siasun Robot and Automation Co Ltd](https://endata.com/companies/17784.md) (acquirer)
- [Shenyang Xinsong Investment Management](https://endata.com/companies/66177.md) (target)
- [SYNUS Tech](https://endata.com/companies/66178.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/802760.html), 2022-10-10: "公司拟收购参股子公司沈阳新松投资管理有限公司60%的股权，标的股权作价2.36亿元。"

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