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SHEN MACHINE announced the completion of the transfer of target assets for its restructuring, acquiring 100% equity of Shenyang Zhongjie Aerospace Machine Tool Co., Ltd. and Shenyang Machine Tool Zhongjie Friendship Factory Co., Ltd., and 78.45% equity of Tianjin Tianduan Press Co., Ltd.
SHEN MACHINE announced plans to issue shares to acquire 100% equity of Zhongjie Factory and Zhongjie Aerospace from General Shenyang Machine Group, and 78.45% equity of Tianjin Tianduan from General Machine Tool Company.