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Baotou Beifang Chuangye Co Ltd to Establish Joint Venture

Monday, 9 Sep 2013 08:00pm EDT 

Baotou Beifang Chuangye Co Ltd announced that it will establish a joint venture with a Guangxi-based machinery company, an Inner Mongolia-based heavy vehicle group and an Anhui-based power company. The joint venture will be engaged in research, development, testing, production and sales of diesel oil and gas engine in Baotou City, with a registered capital of RMB 600 million. The Company will invest RMB 90 million and hold a 15% stake. The other three companies will hold 35%, 40% and 10% stakes in the joint venture. 

Company Quote

-0.09 -0.53%
22 Aug 2014