Harbin Viti Electronics Corp(603023) (603023) announced on the evening of December 30 that the company plans to jointly invest with Hangzhou xunma Machinery Co., Ltd. and Shanghai Furui Hill Automotive Technology Co., Ltd. to carry out a joint venture and cooperation project with forklift axle, central control electronic instrument and vehicle electronic components as the core. The three parties intend to establish a joint venture in Zhejiang Lishui Economic and Technological Development Zone.
It is reported that the registered capital of the joint venture is planned to be 55 million yuan. Among them, Harbin Viti Electronics Corp(603023) plans to invest 30.25 million yuan, with a shareholding ratio of 55%; Hangzhou xunma Machinery Co., Ltd. plans to invest 16.5 million yuan, with a shareholding ratio of 30%; Shanghai Furui Hill Automotive Technology Co., Ltd. plans to invest 8.25 million yuan, with a shareholding ratio of 15%.
Harbin Viti Electronics Corp(603023) said that the company’s participation in the establishment of the joint venture will make up for the company’s long-distance supporting shortcomings. As the company’s product supporting base in East China, the joint venture will further expand its regional advantages. As the forerunner for the company to enter the special vehicle host market, the project will try to open up the special vehicle and commercial vehicle axle and central control electronic host market for various purposes, bring greater market space for the company and further improve the company’s comprehensive competitiveness and profitability.
(China Securities Journal · China Securities Network)
