Shenyang Machine Tool completes acquisition audits, no compensation liabilities

Shenyang Machine Tool Co., Ltd. has finalized the special audit of transitional period profits and losses for its acquisition of 78.45% equity in Tianjin Tianduan Press Co., Ltd. The audit, covering September 1, 2023, to June 30, 2025, confirms that the acquired assets generated profits, negating any compensation liability for the transaction counterparty. The generated profits will be retained by Shenyang Machine Tool.

Similar audits were completed for Shenyang Zhongjie Aerospace Machine Tool Co., Ltd. and Shenyang Machine Tool Zhongjie Friendship Factory Co., Ltd., both of which also showed no losses during their respective transitional periods. These audits, conducted by Grant Thornton Certified Public Accountants, confirm the financial health of the acquired entities.

The acquisitions, which included 100% equity in Shenyang Zhongjie Aerospace Machine Tool and Shenyang Machine Tool Zhongjie Friendship Factory, along with the 78.45% stake in Tianjin Tianduan Press, were fully transferred by June 2025. This marks the successful completion of the transitional period for these significant asset purchases.