Shenyang Machine Tool revamps assets, seeks new funding

** Shenyang Machine Tool Co., Ltd. (SZSE: 000410) is moving forward with a major asset restructuring and capital raise, according to a series of filings. The company plans to issue shares to acquire assets from its parent company,通用技术集团(General Technology Group), including a 100% stake in 中捷厂(Zhongjie Factory) and 中航航天(Aviation Aerospace). A 78.45% stake in 天锻天机(Tianjin Heavenly Machine) is also included. These acquisitions are designed to bolster Shenyang Machine Tool’s core business.