Sinomach Precision Industry Group (002046.SZ) intends to purchase 19.40% equity held by minority shareholders of its subsidiary Xin Ya Company.

Sinomach Precision Industry Group (002046.SZ) announced that it will purchase 19.40% of the equity of Zhengzhou New Asia Composite Superhard Material Co., Ltd. (referred to as "New Asia Company") held by Xinhe Investment Partnership (Limited Partnership) (referred to as "Xinhe Investment") in cash. After the acquisition is completed, the company will hold 69.46% of the equity of New Asia Company.