# Sinomach Precision Industry to acquire control of Chengdu Tool Research Institute

Sinomach Precision Industry Co., Ltd. (002046.SZ) plans to acquire 8.84% of Chengdu Tool Research Institute Co., Ltd. from Shenzhen Huayue Real Estate and Sichuan Lixie Precision Industry Technology, gaining control of the company.

- Type: Acquisition
- Announced: 2022-11-30
- Where: China
- Value: $2.90M (20.8M CNY)
- Status: announced
- Products: cutting tools
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Sinomach Precision Industry Co., Ltd.](https://endata.com/companies/66959.md) (acquirer)
- [Chengdu Tool Research Institute Co., Ltd.](https://endata.com/companies/66960.md) (target)
- [Shenzhen Huayue Real Estate](https://endata.com/companies/66980.md) (partner)
- [Sichuan Lixie Jingong Technology](https://endata.com/companies/66981.md) (partner)

## Sources

- [zhitongcaijing.com](https://www.zhitongcaijing.com/content/detail/839881.html), 2022-11-30: "公司拟以现金方式购买深圳华粤房地产有限公司和四川力协精工科技股份有限公司持有的成都工具研究所有限公司的8.22%和0.62%的股权。"
- [zhongtouwang.com.cn](http://www.zhongtouwang.com.cn/news/cj/20221201/123642.html), 2022-12-01: "收购成都工具所部分股权有助于推动公司精工板块业务的发展。"

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