China Shenyang Machine Tool Plans to Acquire 792 Fixed Assets for RMB 218 Million

en.Wedoany.com Reported - On October 28, the board of directors of China Shenyang Machine Tool Co., Ltd. approved a fixed asset acquisition plan totaling approximately RMB 218 million, under which the company, together with its controlled subsidiary Liaoning Yipu Precision Machine Tool Components Co., Ltd., intends to purchase 792 fixed assets held by Genertec Shenyang Machine Tool Co., Ltd. in cash. The target assets comprise 753 pieces of machinery and equipment, 1 heavy-duty truck, and 38 items of electronic equipment. The relevant proposal was officially announced on October 30 and remains subject to review by the shareholders' meetings of both parties to the transaction.

Shenyang Machine Tool plans to acquire 354 fixed assets for a tax-inclusive transaction amount of RMB 137.3945 million; Liaoning Yipu plans to acquire 438 fixed assets for a tax-inclusive transaction amount of RMB 80.628 million. The equipment mainly involves cranes, gantry five-face machining centers, laser cutting machines, CNC guideway grinding machines, and horizontal coordinate boring machines, all located in Shenyang, Liaoning Province.

According to the appraisal report issued by Beijing Zhongtianhua Asset Appraisal Co., Ltd., the 792 fixed assets had a total original book value of RMB 376.83 million, a net book value of RMB 169.51 million, and an appraised value of RMB 192.94 million as of December 31, 2025, representing an appraisal appreciation rate of 13.83%. Among these, the appraised value of machinery and equipment was approximately RMB 192.91 million, constituting the main portion of this asset transaction.

The appraised value of the assets to be acquired by Shenyang Machine Tool is RMB 121.5881 million; after adding value-added tax of RMB 15.8064 million, the tax-inclusive transaction price is RMB 137.3945 million. The appraised value of the assets to be acquired by Liaoning Yipu is RMB 71.3522 million; after adding value-added tax of RMB 9.2758 million, the tax-inclusive transaction price is RMB 80.628 million. The transaction pricing is based on the asset appraisal results that have been filed with China General Technology Group.

The announcement confirms that the technical condition of the equipment to be transferred is stable, the asset ownership is clear, and there are no mortgages, pledges, guarantees, or property rights disputes. Upon completion of the transaction, the relevant equipment will be incorporated into the production management system of Shenyang Machine Tool and its controlled subsidiaries to supplement high-end processing and supporting production capacity.

The third meeting of the 11th board of directors of Shenyang Machine Tool approved the transaction proposal with 6 votes in favor, 0 votes against, and 0 abstentions, with 3 affiliated directors abstaining from voting. The two parties to the transaction plan to separately sign asset transfer agreements, and the transferee will pay the transaction price in a lump sum within 20 days after asset delivery.