# Yuhuan CNC acquires 33.33% stake in Southern Machine Tool

Yuhuan CNC Machine Tool Co., Ltd. announced the acquisition of a 33.33% equity stake in Hunan Southern Machine Tool Co., Ltd. for RMB 10 million, using its own funds. The move aims to expand Yuhuan CNC's numerical control machine tool business and enhance product diversity.

- Type: Acquisition
- Announced: 2024-10-09
- Where: China
- Value: $1.40M (10.0M CNY)
- Status: announced
- Products: numerical control broaching machines, grinding equipment
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Yuhuan CNC Machine Tool](https://endata.com/companies/47964.md)
- [Hunan Southern Machine Tool](https://endata.com/companies/80667.md) (target)

## Sources

- [yhcncmachine.com](https://www.yhcncmachine.com/Company-news/yuhuan-cnc-machine-tool-coltd-acquires-southern-machine-tool-expanding-business-horizons), 2024-10-31: "The company's Board of Directors approved the acquisition of a 33.33% equity stake in HUNAN Southern Machine Tool Co., Ltd. for a consideration of RMB 10 million using its own funds."

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