On December 29, Xingchen technology, a listed company of Beijing stock exchange, disclosed that in order to seize the opportunity and seek win-win development, the company plans to cooperate with CRRC Zhuzhou Motor Co., Ltd. (hereinafter referred to as “Zhuzhou Motor”), Chengdu Xinyue enterprise management partnership (limited partnership) Chengdu Xiangrong Venture Capital Co., Ltd. jointly invested by four parties to establish Sichuan CRRC Shangcheng Electric Co., Ltd. (tentative name, hereinafter referred to as “Shangcheng electric”).
The proposed registered capital of Shangcheng Electric is 60 million yuan, of which the company plans to subscribe 21 million yuan, accounting for 35% of the registered capital; Zhuzhou Electric intends to subscribe 30.6 million yuan of registered capital, accounting for 51% of the registered capital.
The main business of Xingchen technology is motion control system. The original application fields are aerospace and military industry. This joint venture means that the company will work in the field of large motor vehicles in the future.
(Shanghai Securities News · China Securities Network)
