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Heavy Machinery & Vehicles

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Columbus Mckinnon gets approval for Stahl Cranesystems acquisition

Thursday, 5 Jan 2017 04:15pm EST

Columbus Mckinnon Corp : Columbus Mckinnon receives German Bundeskartellamt approval for Stahl Cranesystems acquisition .Acquisition is now expected to close on or about January 31, 2017.

Palfinger closes acquisition of 20% stake in Sky Steel Systems LLC

Wednesday, 4 Jan 2017 09:45am EST

Palfinger AG : Says closed yesterday acquisition of a 20% stake in Sky Steel Systems LLC, Dubai .Also secured an option to purchase an additional 29% shareholding in the company.

Xuanhua Construction Machinery to sell 5.3 pct stake in investment firm for 106.4 mln yuan

Tuesday, 3 Jan 2017 08:49pm EST

Xuanhua Construction Machinery Co., Ltd.<000923.SZ>: Says it plans to sell 5.3 percent stake in Shenzhen-based investment firm .Says the selling price was set at 106.4 million yuan.

First Tractor, Bank of Communications enter into wealth management product agreement

Tuesday, 3 Jan 2017 07:33am EST

First Tractor Co Ltd <601038.SS> : Company and Bank of Communications entered into wealth management product agreement II . Company should subscribe for wealth management product II from Bank of Communications at RMB300 million .On 30 December 2016, company subscribe for wealth management product III from Bank of Communications at rmb200 million.

Gunung Capital says unit accepted LOA from ministry of defence

Tuesday, 3 Jan 2017 04:49am EST

Gunung Capital Bhd : unit accepted ‘letter of award’ from ministry of defence for a service-contract with value of up to 43.9mln rgt . contract expected to contribute positively towards earnings of group principally for financial years ending 31 december 2017-2019 .contract to provide transportation to, and from the nominated schools, for the children of the armed forces personnel nationwide.

Favelle Favco says units received purchase orders for combined value of 64.0 mln rgt

Tuesday, 3 Jan 2017 04:44am EST

Favelle Favco Bhd : units kroll cranes , favelle favco cranes and favelle favco cranes (usa), received purchase orders for combined value of 64.0 million rgt .contracts expected to contribute positively to earnings and net assets of ffb for financial year ending 31 december 2017 and beyond.

Hubei Guochuang Hi-tech Material to acquire Shenzhen tech firm for 3.8 bln yuan

Monday, 2 Jan 2017 11:38pm EST

Hubei Guochuang Hi-tech Material Co Ltd <002377.SZ> : Says it plans to acquire Shenzhen internet technology firm for 3.8 billion yuan ($546.39 million) via cash, share issue .Says it plans to raise up to 2.1 billion yuan in private placement of shares.

Zoomlion Heavy Industry Science and Technology completes sale of 40 pct stake in machinery equipment firm

Friday, 30 Dec 2016 09:54am EST

Zoomlion Heavy Industry Science and Technology Co Ltd <000157.SZ> :Says co completes sale of 40 percent stake in machinery equipment firm.

CRRC says its consortium wins PPP project

Friday, 30 Dec 2016 12:22am EST

CRRC Corp Ltd <601766.SS>: Says its consortium won bid in rail transit PPP project in Kunming .Says project total investment amount will be about 22.4 billion yuan.

Hubei Sanfeng Intelligent Conveying Equipment to use 25.5 mln yuan to set up automotive equipment manufacturing JV

Thursday, 29 Dec 2016 11:55pm EST

Hubei Sanfeng Intelligent Conveying Equipment <300276.SZ>: Says it plans to use 25.5 million yuan to set up an automotive equipment manufacturing JV in Guangzhou with a Guangzhou-based mechanical equipment company .Says it will hold 51 percent stake in the JV.

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