China National Machinery Industry Corporation accelerates company integration
October 11, 2023
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Recently, China National Machinery Industry Corporation is speeding up the integration of its subsidiaries. Now China International Engineering Corporation, a wholly-owned subsidiary of the company, announced the asset purchase plan of China National Engineering and Agricultural Machinery Import and Export Corporation. The plan has allegedly been approved by SINOMACH and it is expected that the restructuring will be completed by November this year.