Shenyang Machine Tool's asset restructuring back on track

** Shenyang Machine Tool (SZSE:000410) announced that the Shenzhen Stock Exchange (SZSE) has resumed its review of the company's plan to issue shares to acquire assets and raise supporting funds through a specific target offering. This marks a significant step forward for the company's restructuring efforts, which had been put on hold on January 31, 2025. The plan involves acquiring 100% equity stakes in Zhongjie Aircraft and Zhongjie Aviation and a 78.45% equity stake in Tianjin Tianrui through the issuance of shares to asset-holding entities under Universal Technology Group. Shenyang Machine Tool also plans to raise funds from no more than 35 specific investors, using it to upgrade high-end production capabilities, primarily through projects focused on aircraft component automation.