Khorgas Tianma Venture Capital Group Co., Ltd. released its transaction of hypothecating type repurchase of the company’s stocks
According to the announcement of Khorgas Tianma Venture Capital Group Co., Ltd. (hereinafter referred to as Tianma Group), the second-largest shareholder of Tianma Bearing Group Co., Ltd. (hereinafter referred to as the company), Tianma Group completed the transaction of the hypothecating type repurchase of the company’s stocks with China Merchants Securities Asset Management Co., Ltd. (hereinafter referred to as Asset Management). Details are as follows: up to the date of this announcement, Tianma Group holds 153,227,919 shares, accounting for 12.90% of the company's total equity, of which 66,600,000 shares were pledged by Tianma group, accounting for 43.46% of the total shares it holds, 5.61% of the company's total equity.
About Tianma Bearing Group Co., Ltd.
Tianma Bearing Group Co., Ltd. is a precision component and high-end equipment manufacturer incorporating materials, bearings and equipment industries, which is among "China’s Top 100 Enterprises in the Machinery Industry ", "China's top 500 Private Enterprises," and "China’s Top 100 Enterprises and Groups with Strongest Competitiveness". The company has six manufacturing facilities respectively in Hangzhou, Beijing, Chengdu, Qiqihar, Guizhou, Huzhou with nearly 10,000 employees. It has a state-level enterprise technical centers, five province-level enterprise technical centers, two post-doctoral research station. Its precision bearings in TMB brand and heavy-duty CNC machine tool in "Qiyi" brand have reached the international advanced level and won the honors of "Chinese famous brand", " Most Competitive Brand" and "Chinese Famous Trademark", which are widely used in aerospace, aviation, rail, wind power, nuclear power, automotive, shipbuilding, marine engineering and other major sectors of the national economy, and exported to Europe, America, Japan , South Korea and other overseas markets.
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