Huangshi Scitech and Zhengzhou Baiyun Asset Restructuring Alliance

Categories:Corporate News
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Time of issue:2019-07-13
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(Summary description)At 9 a.m. on July 13, 2019, Huangshi Saifu Friction Materials Co., Ltd., Zhengzhou Baiyun Industrial Co., Ltd. and Huangshi Saite Friction Materials Co., Ltd. tripartite company formally reached an asset reorganization agreement. Saifu Friction Materials Co., Ltd. will act as Saite The holding company of Friction Material Co., Ltd., in order to support the rapid development of Saite Friction Material Co., Ltd., is now introducing a new investor, Zhengzhou Baiyun Industrial Co., Ltd., to become stronger and bigger through partial equity transfer and increase investment. Enterprise competitiveness, obtain the best benefit.

Huangshi Scitech and Zhengzhou Baiyun Asset Restructuring Alliance

(Summary description)At 9 a.m. on July 13, 2019, Huangshi Saifu Friction Materials Co., Ltd., Zhengzhou Baiyun Industrial Co., Ltd. and Huangshi Saite Friction Materials Co., Ltd. tripartite company formally reached an asset reorganization agreement. Saifu Friction Materials Co., Ltd. will act as Saite The holding company of Friction Material Co., Ltd., in order to support the rapid development of Saite Friction Material Co., Ltd., is now introducing a new investor, Zhengzhou Baiyun Industrial Co., Ltd., to become stronger and bigger through partial equity transfer and increase investment. Enterprise competitiveness, obtain the best benefit.

Categories:Corporate News
Author:
Origin:
Time of issue:2019-07-13
Views:0

　　At 9 a.m. on July 13, 2019, Huangshi Saifu Friction Materials Co., Ltd., Zhengzhou Baiyun Industrial Co., Ltd. and Huangshi Saite Friction Materials Co., Ltd. tripartite company formally reached an asset reorganization agreement. Saifu Friction Materials Co., Ltd. will act as Saite The holding company of Friction Material Co., Ltd., in order to support the rapid development of Saite Friction Material Co., Ltd., is now introducing a new investor, Zhengzhou Baiyun Industrial Co., Ltd., to become stronger and bigger through partial equity transfer and increase investment. Enterprise competitiveness, obtain the best benefit.

Zhengzhou Baiyun Industrial Co., Ltd. is a group company specializing in the production of asbestos-free automobile and motorcycle brake friction linings and professional friction lining production equipment. It has developed rapidly in recent years and has the ability to integrate resources. It intends to invest in expanding the production of brake friction linings. Sales.

　　 Huangshi Saite Friction Material Co., Ltd. is a company specializing in the production of non-asbestos non-metallic brake pads with European technology. It has more advanced brake pad production technology and a good supporting market, and it is in urgent need of raising funds for equipment and technology upgrades.

　　 After the friendly negotiation of the three companies, they jointly invested and managed Saite Friction Materials Co., Ltd. to further enhance its brand competitiveness, production capacity, and economic benefits, and to a new level of development.

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