Montfali technology and double ring transmission starter Application

Panorama July 8 China Securities Regulatory Commission announced in Thursday that the Commission is scheduled to convene the 2010 103th Working conference on July 12, audit Xiamen Montfali Technology Group Co., Ltd. and Zhejiang double Ring Transmission Machinery Co., Ltd. starting application. Xiamen Montfali Technology (Group) Co., Ltd. The plan is issued in Shenzhen stock 30 million shares, the total share capital after the issuance of 120 million shares. Company focused on massage appliance product development, production and sales, the industry is the world's largest professional manufacturer of manufacturing services.　　2007, 2008 and 2009, the company's massage appliance exports accounted for the total number of exports of industry, the proportion of 13.53%, 13.72% and 16.56%, ranked first for many consecutive years.　　The issuance of funds to be invested in Xiamen, Mongolia-Fat Electronics Co., Ltd. Annual output of 100,000 massage chairs new projects and Zhangzhou Cannes Household Products Co., Ltd. massage room electrical production Base new project, the total investment of 438 million yuan. Zhejiang double ring Transmission Machinery Co., Ltd. the plan is to issue 30 million shares in the Shenzhen stock company, with a total share capital of 118.8 million shares. The company is mainly engaged in transmission gear and gear parts production and sales, has now formed passenger car gears, commercial vehicle gears, motorcycle gears, construction machinery gear and electric tool gear all-round development of the product pattern.　　The main customers are domestic and foreign large-scale vehicle (machine) production enterprises. The issue raised funds to invest in Zhejiang double ring Transmission Gear expansion project and Jiangsu double-ring expansion gear project, total investment of 532 million yuan, a total of 400 million yuan to raise funds. (Panorama net/Chen Danyong)