Beijing Tianhai to set up joint venture for pressure cylinder production in Hebei

Beijing Tianhai Industrial, a subsidiary of Jingcheng Machinery, signed an agreement with Kuancheng Shenghua to establish Kuancheng Tianhai in Hebei province. Beijing Tianhai will contribute RMB 49.85 million in cash and technology for a 61.1% stake, while Kuancheng Shenghua contributes land and equipment for 38.9%.

“北京天海拟以现金及专利技术、专有技术使用权作价出资人民币 4984.78 万元，持有61.1% 股权”beta.zhitongcaijing.com

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• beta.zhitongcaijing.com京城机电(00187)：北京天海出资4985万元设立合资生产冲拔瓶和大管制瓶 占股61%Apr 7, 2017

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