Xu Machinery intends to add 70 million RMB to the wholly-owned import and export subsidiary

NetEase Finance January 4, Xu Machinery evening issued a notice that the company plans to cash in the form of a wholly-owned subsidiary of Xu Machinery Import and export company to increase capital of 70 million yuan, accounting for the increase in registered capital of 100%. January 3, 2011, Xu Machinery Board of Trustees to consider the adoption of the "on the Xuzhou Construction Machinery Group import and Export Co., Ltd. to increase the capital of the bill", plans to increase the import and export of Xugong 70 million yuan, for Xugong import and export to open up international business, including overseas investment, etc., after the completion of the Xugong Import and export registered capital will be increased from 70 million yuan to 140 million yuan. Xu Machinery said that the increase is mainly based on the company's "internationalization" strategy to enhance international market development capabilities.