Company

XCMG announces RMB600 mln investment package in its subsidiaries

November 28, 2018

Abstract : Xuzhou Construction Machinery (Group) Co., Ltd. (XCMG, 000425. SZ), a large construction machinery manufacturing enterprise in China, on Tuesday announced a 600-million-yuan investment package in its three wholly-owned subsidiaries.

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BEIJING, Nov. 28 (Xinhua) – Xuzhou Construction Machinery (Group) Co., Ltd. (XCMG, 000425. SZ), a large construction machinery manufacturing enterprise in China, on Tuesday announced a 600-million-yuan investment package in its three wholly-owned subsidiaries.

According to the company's filing to the stock exchange, 200 million yuan would be invested in Xuzhou XCMG Drivetrain Co., Ltd., 90.83 million yuan in XCMG Environment Technology Co., Ltd., and 288 million yuan in XCMG Fire-fighting Safety Equipment Co., Ltd.. (Edited by Gu Shanshan)

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Keyword: capital xcmg

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