The hottest shareholder fulfilled its promise, and

Major shareholders fulfilled their commitments XCMG machinery was registered XCMG road

major shareholders fulfilled their commitments XCMG machinery was registered XCMG road

China Construction machinery information

Guide: after only one and a half years, XCMG group's commitment to inject Xuzhou XCMG road construction machinery Co., Ltd. into XCMG machinery has become a reality. XCMG machinery announced today that in order to eliminate the related party transactions between the company and XCMG road construction and build a more perfect construction machinery product line, and better

after only one and a half years, the commitment of XCMG group to inject Xuzhou XCMG Road Construction Machinery Co., Ltd. into XCMG machinery has become a reality

XCMG machinery announced today that in order to eliminate the related party transactions between the company and XCMG road construction and build a more perfect construction machinery product line, and better realize the synergy of the company in product research and development, procurement, after-sales service and marketing channels, the major shareholder XCMG Group Construction Machinery Co., Ltd. and XCMG machinery signed the equity transfer agreement in Xuzhou on February 18, It is planned to transfer the 100% equity agreement of XCMG road construction to the company. This transaction constitutes a related party transaction

according to the data, XCMG road construction was founded in 2005 with a registered capital of 150 million yuan. Its business scope covers the manufacturing, sales and maintenance of construction machinery and accessories, construction machinery, hydraulic accessories and pneumatic components, and the manufacturing and sales of agricultural machinery

XCMG machinery said that the asset injection was to realize the commitments made by the controlling shareholder during the major asset restructuring in 2009. In June, 2009, XCMG machinery issued an asset restructuring announcement, proposing to issue an additional 320million shares to XCMG group at 16.47 yuan/share to acquire its heavy-duty, hydraulic parts, random, special machinery, import and export and other companies and related assets; XCMG Road Construction Co., Ltd., XCMG excavator company, leasing company and five joint ventures engaged in construction machinery business and other assets have not entered the listed companies. XCMG group promises to inject them into the listed companies within five years after the restructuring delivery date (July 31, 2009), if the market share of the main products of the above companies ranks in the forefront of the same industry, the asset quality has been significantly improved, and the profitability is strong; For the five joint ventures, when the foreign shareholders agree to give up the preemptive right of assignment and have strong profitability, the capital contribution to the joint venture will be injected into the listed company

XCMG believes that at present, the production capacity and product grade of spandex, artificial leather for cars and high-grade leather bags, soft foam, hard foam, TPU (thermoplastic polyurethane elastic rubber), CPU (polyurethane modified material) in Shandong are also at the domestic advanced level, and the time has come. The announcement shows that as of September 2010, XCMG road construction had total assets of 725.14 million yuan, net assets of 199.78 million yuan, operating income of 74.96 million yuan and net profit of 17.5 million yuan. In 2009, the company achieved an operating income of 919.73 million yuan and a net profit of 28.14 million yuan

the company also announced today that in order to implement the company's internationalization strategy, vigorously expand the South American market and enjoy the preferential treatment of Brazil's "national", the company plans to cooperate with XCMG (Hong Kong) International Development Co., Ltd., a wholly-owned subsidiary of a wholly-owned subsidiary, XCMG (Hong Kong) International Trade experimental machine, which is generally 60 tons or 100 tons, and the wholly-owned subsidiary of Xuzhou Construction Machinery Group Co., Ltd., the actual controller, XCMG Brazil Investment Co., Ltd. (tentative name) is established in Brazil. Among them, the international trade company contributed 9.5 million US dollars, holding 95% of the shares; International Development Co., Ltd. invested 500000 US dollars and held 5% shares

in addition, XCMG machinery also announced that the company plans to use the raised funds of 2159.03 million yuan to continue to invest in concrete construction machinery industrialization base and other projects in 2011