Xu Machinery intends to purchase 100% shareholding of Xugong Road for construction by controlling shareholder

NetEase Finance February 21, Xu Machinery 21st issued a notice, plans to buy Xugong Limited owned Xugong Road 100% of the equity. Xu Machinery said, the purchase of equity is to realize the Xugong Group Construction Machinery Co., Ltd. in 2009 the major asset reorganization made by the commitment, but also in order to eliminate the Xuzhou Xugong Road Construction Machinery Co., Ltd. and the related transactions, and is conducive to building a more complete construction machinery product line, better achieve in product development, procurement,　　The synergy effect of after-sale service and marketing channel.　　Xugong Limited holds 49.2% of Xugong's shares as its controlling shareholder. Earlier, Xu Machinery January 5 issued a notice, said the plan to issue H-shares, not more than 20% of the company's total share capital issued after the issuance of the global book issuer does not exceed the number of new shares of the shares of 15% of the excess distribution rights;　　If the reference to the current a-share price of 60 yuan will raise the size of the capital to 18 billion yuan. Xu Machinery 21st Low Open High, 1.35%, closed at 57.26 yuan.