Shangchaigufen August 3 released late announcement that the company holds 40% of the company - Mitsubishi Heavy Shanghai Shanghai MHI Turbocharger Co., Ltd. intends to make changes in equity and productivity progress project, Sumitomo Corporation of Japan intends its holdings of 11 % of the shares transferred to Mitsubishi Heavy Industries Ltd. of Japan.
After completion of the above-mentioned changes in equity, Mitsubishi Heavy Shanghai will be able to progress in production projects with a total investment of 76.2 million yuan; shareholder capital $ 12,095,200 (about 76.2 million yuan), during which Japan's Mitsubishi Heavy Industries replenishment of $ 7,257,100, the company capital 483.81 million (about 30.48 million yuan).
Notice that the change in ownership and capacity after completion of the project is conducive to the progress of Shanghai Mitsubishi Heavy progressive skill levels and productivity, improve the company's investment income.
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