Asset integration, China Dalian Heavy Industry Equipment Co will acquire ZWZ
On August 28, 2024, the State-owned Assets Supervision and Administration Commission of the People's Government of Dalian, Liaoning Province officially issued the "Notice on Agreeing to transfer 93.2344% equity of Wafangdian Bearing Group Co., LTD without compensation" (Big Country Assets Rights (2024) No. 263), marking a new step in the reform of state-owned assets and soes in Dalian.
According to the Notice, 93.2344% of the state-owned equity of Wafangdian Bearing Group (hereinafter referred to as "ZWZ") held by Dalian Equipment Investment Group Co., Ltd. will be transferred to Dalian Heavy Industry Equipment Group Co., LTD. (hereinafter referred to as "Dalian Heavy Industry") without compensation. The transfer is based on the strategic deployment of Dalian Municipal Party Committee and Municipal government on deepening the reform of state-owned assets and state-owned enterprises and optimizing the industrial layout, aiming to enhance industrial competitiveness and achieve high-quality development through resource integration.
As a bearing manufacturing enterprise with nearly a hundred years of history, ZWZ Group enjoys a high reputation at home and abroad, and its products are widely used in industrial equipment, rail transit and other fields. After the equity transfer, Dalian Heavy Industry will directly hold 93.23% of the shares of ZWZ and become its controlling shareholder, bringing new development opportunities for ZWZ.
Dalian Heavy Industry, as a leading enterprise in Dalian equipment manufacturing industry, has made remarkable achievements in technological innovation and market expansion in recent years. The acquisition will further enhance its industrial chain integration capabilities, promote cooperation between the two sides in technology research and development, market expansion and other aspects, and jointly promote the transformation and upgrading of Dalian and even the national equipment manufacturing industry.
Industry analysts believe that the equity transfer is one of the important measures of the Dalian Municipal government to promote the reform of state-owned assets and state-owned enterprises and optimize the industrial layout. In the future, with the deepening of reform, Dalian's equipment manufacturing industry is expected to achieve higher quality development and inject new vitality into the local economy.
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
Next Walking to the New Era · Quality leads future | C&U Group held a major equipment industry new product launch
BRIEF INTRODUCTION
Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.
Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.
China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.
