LiuGong acquires Polish HSW construction machinery Business
Source: Internet
Author: User
KeywordsConstruction machinery LiuGong HSW
This newspaper willow workers (000528. SZ) announced today that the company and Poland Hutastalowawolas.a. Signed a memorandum of cooperation, the two sides agreed to LiuGong acquisition HSW Company under the Construction Machinery Business unit and its wholly-owned subsidiary dressta100% Equity and assets. The company said that the acquisition price of the project is expected to be lower than the company 2009 audited net assets of 4.108 billion yuan 10%. By acquiring HSW's engineering machinery business unit, the company will directly obtain all of its intellectual property rights and trademarks, and it can establish efficient research and development, purchasing, production, marketing and accessories service network for the platform in the European market. LiuGong yesterday closed at 28.10 Yuan, down 1.75%.
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