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Dongfeng Technology announced on the 8th that it intends to establish East Corkenor Commercial Vehicle Brake Technology Co., Ltd. (tentative name) with Knorr-Bremse Systems Asia Pacific (Holdings) Co., Ltd., with a total investment of 175 million yuan and proposed registered capital. It is 70 million yuan.
Announcement shows that Knorr-Asia-Pacific Capitalizes on a cash equivalent of RMB 35.7 million, which represents 51% of the shares; Dongfeng Science and Technology evaluates the value of fixed assets of commercial vehicle brake products for Dongfeng Electronic Technology Co., Ltd. Automotive Braking Systems. It was RMB 24,241,471.90, cash was RMB 10,058,528.10, and a total of RMB 34.3 million was invested, accounting for 49% of the shares.
It is reported that the business scope of the newly established joint venture company includes application development, production and assembly of brake products and related parts and components for commercial vehicles, sales of self-produced products, and provision of after-sales services.
The announcement stated that the purpose of this investment was to strengthen the development of Dongfeng Technology Commercial Vehicle Brake System Business and to carry out long-term strategic cooperation with international brands; to use the advantages of the joint venture partners in manpower and technology to expand the business brake system business. , increase the level of income. The main responsibility of Knorr-Asia-Pacific is to import international advanced technologies to enhance the competitiveness of joint venture products and optimize their production and management methods. Dongfeng Technology's main responsibilities are to maintain customer relationships, expand market scope, coordinate project approval, registration, and other related issues. The establishment of joint ventures, etc.
The company believes that this cooperation is conducive to the establishment of a full-chain platform for commercial vehicle brake systems through cooperation with international cooperation, strong alliances and complementary advantages; and the use of foreign-funded enterprises to introduce advanced technologies to improve product quality and improve the company’s Competitiveness, to meet the needs of the development of OEM internationalization.
According to another announcement on the same day, Dongfeng Technology East is also preparing to establish East Corkor Commercial Vehicle Brake System (Shiyi) Co., Ltd. (tentative name) with Knorr Brake Systems Asia Pacific (Holdings) Co., Ltd., mainly to operate commercial vehicles. Brake products and their parts production, wholesale, import and export business. The new company plans to register capital of 10 million yuan, of which Dongfeng Technology invested 5.1 million yuan in shares 51%.
