# GENRTEC acquires 77.14% stake in Kunming Machine Tool

China General Technology (Group) Holding (GENRTEC) acquired a 77.14% share in Kunming Machine Tool, becoming its largest and controlling shareholder, as part of the reorganization of Kunming Machine Tool.

- Type: Acquisition
- Announced: 2023-03-24
- Where: China
- Status: completed
- Products: machine tools
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [China General Technology (Group) Holding Co.](https://endata.com/companies/15005.md) (acquirer)
- [Kunming Machine Tool](https://endata.com/companies/16267.md) (target)

## Sources

- [lexology.com](https://www.lexology.com/library/detail.aspx?g=e4a0806e-6808-408e-b6cd-cbaf719d511a), 2023-03-28: "On March 24, 2023, GENRTEC Kunming Machine Tool Co., Ltd. announced that China General Technology (Group) Holding, Ltd. acquired a 77.14% share in Kunming Machine Tool."

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