# Jiangsu Yawei Machine Tool to issue shares to Yangzhou Industrial Group

Jiangsu Yawei Machine Tool's subsidiary signed a cooperation agreement with Yangzhou Industrial Investment Development Group and others, planning to issue 128,235,074 A shares to Yangzhou Industrial Group, making it the controlling shareholder. The agreement aims to support growth and develop the high-end equipment manufacturing cluster in Yangzhou.

- Type: Acquisition
- Announced: 2025-01-21
- Where: Yangzhou, Jiangsu, China
- Status: announced
- Products: CNC press brakes, laser cutting machines
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Jiangsu Yawei Machine Tool](https://endata.com/companies/82437.md)
- [Yangzhou Industrial Group](https://endata.com/companies/82438.md) (acquirer)

## Sources

- [itiger.com](https://www.itiger.com/news/2505243423), 2025-01-21: "The agreement is also aimed at advancing the development of the high-end equipment manufacturing cluster in Yangzhou city."

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