2 22, Xuzhou Construction Machinery (000425.SZ) announced that wholly owned subsidiary of Xuzhou Construction Machinery Group (Hong Kong) International Trading Co., Ltd. (the million, and Xu workers (Hong Kong) International Development Limited (
announcements, XCMG investment company registered capital of Brazil, $ 10,000,000, Xuzhou Construction Machinery Xuzhou Construction Machinery Group Corporation and Hong Kong, Hong Kong companies each invested $ 9,500,000 and 50 million U.S. dollars. February 18 the two sides was signed in Xuzhou, a
notice said the company invested in Brazil in order to implement its international strategy, and vigorously expand the South American market and enjoy the Brazilian
after January 21, the company announced its intention to issue H shares, issued after the release of the scale of not more than 20% of total share capital, and grant the global bookkeeping issuer does not exceed the issue of H shares 15% of the number of shares over-allotment option. Also announced that some funds will be used to expand international business.
2010 since several leading domestic construction machinery industry more competitive company, and Xugong income growth has lagged behind Sany and Zoomlion, the company achieved the first 3 quarters sales of 18.9 billion yuan, and Sany Heavy Industry and Zoomlion first 3 quarters of sales were 25.9 billion and 239 billion yuan. In addition, Sany and Zoomlion has launched the first issue of H shares, Xugong slightly behind the internationalization process.
the same day, the company also signed a controlling shareholder XCMG
2 21, to close at 57.26 yuan Xugong, up 1.35%.
(This article Source: Financial Network)
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