Oriental Manufacturing acquires 70% stake in Seifu Machinery

Oriental Manufacturing Technology Co., Ltd. announced on November 11, 2025, the acquisition of a 70% equity stake in Nantong Seifu Machinery Equipment Co., Ltd. from Jiangsu Weisai Heavy Industry Co., Ltd. The transaction, valued at RMB 27,488,698.00, will make Seifu Machinery a controlled subsidiary of Oriental Manufacturing, enhancing its smart manufacturing layout and operational synergies.

The acquisition is based on Seifu Machinery's net assets as of October 31, 2025. Seifu Machinery, established in 2009, specializes in the design, manufacturing, and installation of pressure vessels and chemical equipment. For the first ten months of 2025, it reported a net profit of RMB 820,600 on revenue of RMB 62,103,600.

The acquiring company's board of directors approved the acquisition unanimously. The agreement includes a performance guarantee from the seller, stipulating that Seifu Machinery's after-tax net profit will not be less than RMB 3,000,000, RMB 4,000,000, and RMB 5,000,000 for the three full accounting years following the transaction, respectively.