BEIJING, Nov. 16 (Xinhua) -- Northern Heavy Industries Group Co., Ltd. (NHI), a Chinese state-owned company, recently announced its plan to introduce strategic investments.
Qualified investors should have a total asset of no less than 30 billion yuan (about 4.3 billion U.S. dollars) and a positive net profit, as well as well-established social responsibility and reputation, according to Liu Xiaodong, the person in charge of the relative department at the company.
With a total registered capital of 1.29 billion yuan, NHI is a company reshuffled and established on the basis of Shenyang Heavy Machinery Group Co., Ltd. and Shenyang Mining Machinery Group Co., Ltd.
In 2007, NHI merged NFM Technologies in France and became an international enterprise. NHI is one of the top 500 Chinese manufacturing enterprises, ranking among the top 100 in Chinese machinery industry. (Edited by Li Wenxin, Yang Qi, liwenxin@xinhua.org)
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