# Shantui to acquire Shantui Reconstruction Machine for 1.84 billion yuan

Shantui intends to pay cash to purchase 100% equity of Shantui Reconstruction Machine from Linyi Shanzhong Construction Machinery for 1.84 billion yuan, making it a wholly-owned subsidiary. The target company manufactures hydraulic excavators with a production capacity of 20,000 units per year.

- Type: Acquisition
- Announced: 2024-11-11
- Where: Linyi, Shandong, China
- Value: $254.0M (1.84B CNY)
- Status: announced
- Capacity: 20,000 excavators per year
- Products: hydraulic excavators
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Shantui Construction Machinery](https://endata.com/companies/29431.md) (acquirer)
- [Shantui Construction Machinery](https://endata.com/companies/29431.md) (target)
- [Shandong Heavy Industry Group](https://endata.com/companies/37551.md) (partner)
- [Shantui Reconstruction Machine](https://endata.com/companies/80897.md) (target)
- [Linyi Shanzhong Construction Machinery](https://endata.com/companies/80898.md) (partner)
- [Shantui Construction Machinery (Shandong) Co., Ltd.](https://endata.com/companies/80914.md) (target)
- [Linyi Shantui Heavy Industry Co., Ltd.](https://endata.com/companies/80915.md) (partner)
- [Shantui Heavy Industry Co., Ltd.](https://endata.com/companies/80924.md) (partner)
- [Shanjian Heavy Industry](https://endata.com/companies/80932.md) (target)
- [Mountain Reconstruction Equipment](https://endata.com/companies/81147.md) (target)

## Sources

- [news.global-ce.com](https://news.global-ce.com/n/202411/12/137510.html), 2024-11-12: "After the completion of this transaction, Mountain Reconstruction Machine will become a wholly-owned subsidiary of Shantui Co., Ltd."
- [news.qq.com](https://news.qq.com/rain/a/20241112A07WZG00), 2024-11-12: "本次交易后，山重建机将成为山推股份的全资子公司，有利于整合双方的渠道与品牌，加强上市公司的业务完整性。"
- [finance.sina.com.cn](https://finance.sina.com.cn/jjxw/2024-11-13/doc-incvwmtr5523503.shtml), 2024-11-12: "山推股份公告，拟支付现金购买临沂山重工程机械有限公司持有的山重建机有限公司100%股权，交易价格为18.41亿元。"
- [finance.sina.com.cn](https://finance.sina.com.cn/roll/2024-11-13/doc-incvwmtt1533821.shtml), 2024-11-13: "山推股份拟以现金18.41亿元收购关联方持有的山重建机有限公司100%股权。"
- [news.futunn.com](https://news.futunn.com/en/post/50159666/shantui-construction-machinery-000680-bulldozers-moving-towards-the-global-market), 2024-11-19: "The plan is to acquire 100% of the shares of Mountain Reconstruction Equipment for 1.8 billion yuan, which is expected to open up market space and increase the company's valuation through the excavator business."

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