National 160 million yuan power 31 marine heavy work

In May 6th 31, the announcement that the investment agreement 31, 31 sea marine heavy industry, Sany Group Co Ltd and China Development Fund, development fund has agreed to open the country to the 31 marine heavy industries (indirect wholly owned Affiliated Companies of the 31 international investment 160 million yuan). According to the valuation report issued by the independent third party valuers in March 18, 2016, the National Development Fund will subscribe 14.56% of the registered capital of the 31 marine heavy industry.

31 international said that the investment income will be used in the construction of port machinery projects in the Zhuhai Industrial Park. 31, the world pointed out that the port machinery industry will develop steadily in the coming years. The group will continue to enhance the current manufacturing capacity of port machinery products, and push forward the company's strategic plan so as to further develop diversified businesses.

As the Zhuhai Industrial Park began to operate in May 2015, the manufacturing capacity and sales volume of the group's marine machinery and equipment have increased rapidly. This investment will provide sufficient working capital for the 31 marine heavy industry to further expand the Zhuhai Industrial Park and benefit the overall interests of the group and the shareholders.