Zhang 180 million Xinjiang construction holding subsidiary

Zhang Machine (002564. SZ) today announced that it is intended to invest 180 million yuan in cash, and the Sino-branch Synthetic Oil Engineering Co., Ltd. joint venture to establish a holding subsidiary of the Zhang Machine (Xinjiang) Limited Liability Company (hereinafter referred to as "subsidiary"). The investment of the Zhang Machine accounted for 90% of the registered capital, and the Zhongke Synthetic Oil Engineering Co., Ltd. invested 20 million yuan in cash and accounted for 10% of the registered capital.　　Zhanghua said this foreign investment is conducive to the expansion of the Xinjiang energy base business. The operating range of subsidiaries is to design and manufacture A1-grade high-pressure vessels and a-class boiler parts; general operating projects: petroleum, chemical, medical, textile, chemical fiber, food machinery manufacturing and maintenance; sales of mechanical parts, tank tanker installation and sale, Self-and agent all kinds of goods and technology import and export business.　　Subsidiary of the construction address is located in Xinjiang Ili Kazak Zizhizhou Qapqal Xibe Autonomous County.　　Zhanghua yesterday fell 1.9%, the report received 35.02 yuan. Responsible Editor: NF058