# ZPMC to form joint venture with Yichui Technology for product line expansion

Shanghai Zhenhua Heavy Industries (ZPMC) announced it will form a joint venture with Shanghai Yichui Machinery Technology Co., Ltd., with a total registered capital of 50 million yuan. ZPMC will contribute 40 million yuan for an 80% stake, and Yichui Technology will contribute 10 million yuan for a 20% stake.

- Type: Acquisition
- Announced: 2023-12-06
- Where: China
- Value: $7.00M (50.0M CNY)
- Status: announced
- Products: heavy machinery
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Shanghai Zhenhua Heavy Industries](https://endata.com/companies/6986.md)
- [Shanghai Yichui Machinery Technology Co., Ltd.](https://endata.com/companies/74220.md) (partner)

## Sources

- [stcn.com](https://www.stcn.com/article/detail/1057553.html), 2023-12-06: "董事会同意公司与上海亿锤机械科技有限公司共同出资5000万元成立合资公司。"

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