On January 29, 2013, Zhangjiagang Furui Special Equipment Co., Ltd. announced that it has invested in foreign companies and set up joint ventures: Zhangjiagang Furui Special Equipment Co., Ltd. (hereinafter referred to as "the company") intends to cooperate with Bennett Overseas Ventures (hereinafter referred to as "Bennett"). The company") jointly funded the establishment of a joint venture company Zhangjiagang Fortune New Energy Systems Co., Ltd. (hereinafter referred to as "joint venture") to design, manufacture and sell refueling (oil) machines for CNG and LNG refueling (oil) stations. And services; the total investment of the joint venture company is 12 million U.S. dollars, of which the company contributes 6 million U.S. dollars with its own currency; Bennett company invests 6 million U.S. dollars with monetary funds; the joint venture company has registered capital of 5 million U.S. dollars and the company subscribes for registered capital of 2.5 million U.S. dollars. Accounting for 50% of the registered capital of the joint venture, Bennett subscribes for a registered capital of US$2.5 million, which accounts for 50% of the registered capital of the joint venture. The funds for this outbound investment come from its own funds, do not involve related party transactions, and do not constitute major asset restructuring. The foreign investment quota is within the approval authority of the company's board of directors, and has been reviewed and passed at the thirty-second meeting of the second board of directors of the company. The registered capital of the joint venture company is US$5 million. Its business scope is to design, manufacture and sell refueling (oil) machines for CNG and LNG refueling (oil) stations, and to provide after-sales service and consulting services for the above products. Technology import and export business. (Tentatively, subject to the approval of industry and commerce) The company stated that the purpose of the joint venture to establish a foreign investment is to fully integrate the advantages and resources of both sides of the investment, so that the joint venture company will become an enterprise with advanced R&D technology and competitiveness in the industry. The implementation of this foreign investment is an extension of the company's LNG application equipment industry chain, and lays a foundation for the company's overseas market development. The successful implementation of this foreign investment can form a new profit growth point for the company. The market expansion of the joint venture established by the foreign investment has certain uncertainties. At the same time, there is a risk that the management team will run in. The joint venture company will use the advantages of the shareholders' resources, the company's professional management experience, and rich experience in technology accumulation and operation. Management level and market competitiveness. Cabin Tilt Cylinder For European Market,Cabin Tilting Hydraulic Cylinder,Cabin Tilting Cylinder,Cabin Tilt Cylinder Cab ruian shengding auto parts co., ltd , https://www.cn-shengding.com