# Yunji Group to acquire VLI Conveyors' conveyor business assets

Yunji Group (001288) signed a binding offer to acquire conveyor business assets from VLI CONVEYORS PTY LIMITED for between AUD 7 million and AUD 10 million, through an overseas wholly-owned subsidiary.

- Type: Acquisition
- Announced: 2023-12-29
- Where: Australia
- Value: $5.70M (8.50M AUD)
- Status: announced
- Products: conveyor systems
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Yunji Group](https://endata.com/companies/63702.md) (acquirer)
- [VLI CONVEYORS PTY LIMITED](https://endata.com/companies/74700.md) (target)

## Sources

- [stcn.com](https://www.stcn.com/article/detail/1079177.html), 2023-12-29: "运机集团(001288)12月29日晚间公告，公司近日与VLI CONVEYORS PTY LIMITED（简称“VLI公司”）签署了《约束性报价函》，拟设立境外全资孙公司收购VLI公司持有的与输送机业务相关的资产，交易对价在700万澳元至1000万澳元之间。"

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