Fangda has assisted Shenyang Machine Tool Co., Ltd. (“Shenyang Machine Tool”, stock code: 000410.SZ) in completing a major asset restructuring and a concurrent supporting fundraising. On June 10, 2025, Shenyang Machine Tool announced that the transfer procedures for the acquisition of high-quality core business assets in the machine tool sector, purchased by issuing shares to an affiliate of its controlling shareholder, General Technology Group, had been fully completed. On September 30, 2025, the company further announced the successful completion of the private placement supporting the restructuring, raising approximately CNY 1.7 billion. The funds will primarily be used for production line construction and intelligent upgrades, independent R&D and key technology breakthroughs focused on high-end CNC machine tools, and working capital replenishment to enhance the company’s financial stability.

Shenyang Machine Tool is a long-established state-owned enterprise primarily engaged in the R&D, manufacturing, sales and service of machine tools, as well as industry solutions and component supply. It serves as the core listed platform for equipment manufacturing under General Technology Group. This transaction will enable the company to build a more complete product matrix, highlight its capabilities in high-end CNC machine tool manufacturing, and form integrated solutions covering both “metal cutting” and “metal forming”. For General Technology Group, the transaction marks a significant breakthrough in the integration of its machine tool business, reinforces its integrated development strategy, and sets a new benchmark in its efforts to become a world-class provider of high-end equipment and intelligent manufacturing solutions, contributing the strength of central SOEs to the national goal of independent control over advanced equipment.

Fangda acted as legal counsel to Shenyang Machine Tool comprehensively of this major restructuring and supporting fundraising. This transaction represents a key achievement in Fangda’s continued service to the industrial mother machine sector and its in-depth involvement in the machine tool industry chain. Based on its extensive project experience and strong professional legal capabilities, Fangda ensured the smooth progress of the project and efficiently assisted Shenyang Machine Tool in successfully completing this restructuring and fundraising initiative. The Fangda team was led by partners Liu Lu and Allen Liu. Key members including Lily Fu, Hannah Wu and Luna Huang.