Shenyang Machine Tool plans to establish a joint venture with Dalian Machine Tool, investing a total of 250 million RMB. Shenyang Machine Tool will contribute 70% of the capital, amounting to 175 million RMB, while Dalian Machine Tool will provide the remaining 30%, or 75 million RMB. This new entity, tentatively named Liaoning Yiprecision Machine Tool Parts Co., Ltd., will be funded entirely through monetary contributions from both parent companies. AI
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RANK_REASON This is a joint venture announcement between two industrial companies, not a core AI development or release.