Shenyang Machine Tool faces M&A review

Shenyang Machine Tool Co., Ltd. [SZSE:000410] announced that its proposed transaction will be reviewed by the Shenzhen Stock Exchange's Merger and Acquisition Review Committee on March 28, 2025. The transaction involves issuing shares to General Shenji Group to acquire 100% equity stakes in both Zhongjie Factory and Zhongjie Aerospace, as well as issuing shares to General Machine Tool Co. to acquire 78.45% equity in Tianjin Tiandu. Simultaneously, the company plans to raise supporting funds through the issuance of shares to no more than 35 specific qualified investors. This deal constitutes a related transaction and a major asset restructuring, but does not qualify as a restructuring for listing purposes. Approval from the China Securities Regulatory Commission is also required. The company advises investors to be aware of potential investment risks.