In 2026, Yawei Shares Plans Equity and Technology Cooperation with Belgium's Haco

en.Wedoany.com Reported - Yawei Shares plans to engage in equity and technology cooperation with Haco NV, a Belgian industrial machinery and machine tool manufacturer. The two parties have reached a preliminary consensus on the cooperation and signed a "Letter of Intent for Investment" on May 29, 2026. According to the announcement, the amount and specific plan of the relevant transaction will be further negotiated and determined by both parties after due diligence and audit evaluation.

The business asset scope of this cooperation covers Haco's research and development, production, sales, and after-sales service activities related to bending machines, shearing machines, mechanical presses, and hydraulic presses in Belgium, France, Slovakia, and the United States. Haco Europe is registered in Mouscron, Belgium, holding all of its sheet metal and press business in Europe along with related land and property equity, and is wholly owned by Haco. Haco USA is registered in Delaware, with its main office located in Houston, Texas, also holding the sheet metal and press business and assets in the United States, and is wholly owned by Haco.

Regarding the specific equity investment plan, Yawei Shares will invest in Haco Europe by acquiring a portion of its shares and increasing capital. Upon completion of the transaction, it will hold 80% of the shares, with Haco retaining 20%. Meanwhile, Yawei Shares will invest in Haco USA through a capital increase, holding 49% of its shares, while Haco will hold the remaining 51%.

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