# Youji Shares to buy 21.86% stake in Australian valve and engineering firm AVE

Chinese NEEQ-listed Youji (优机股份) announced it will acquire a 21.86% stake in Australian valve and engineering company AVE for RMB 958,900 (about 95.89万 yuan), raising its holding to 72.86%.

- Type: Acquisition
- Announced: 2017-05-03
- Where: Australia
- Value: $139K (959K CNY)
- Status: announced
- Products: valves, engineering parts
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [Youji](https://endata.com/companies/1388.md) (acquirer)
- [AVE](https://endata.com/companies/1389.md) (target)

## Sources

- [cn.valvepump.com](http://cn.valvepump.com/news/201705/311149.html), 2017-05-04: "公司拟95.89万元收购澳大利亚阀门与工程有限公司21.86%的股权"

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