Gelonghui 21 April, Zhejiang Linuo (300838)Freeonlinebingonodepositrequired.SZ) issue an announcementFreeonlinebingonodepositrequiredWith Crete Group Co., Ltd., Li Yongguo, Wu Shengzhong, Hangzhou Luolan Investment Management Co., Ltd., and Longyou Crete Machinery and equipment Co., Ltd. (hereinafter referred to as "Crete Machinery", "the target company") signed the "Zhejiang Linuo fluid Control Technology Co., Ltd. Longyou Crete Machinery and equipment Co., Ltd. Investment agreement"FreeonlinebingonodepositrequiredIt is agreed that the company will invest in Crete Machinery in the form of capital increase, acquire a 51% stake in the underlying company, and eventually indirectly hold 51% of Crete Group.
This capital increase is based on the evaluation results in the asset evaluation report issued by asset appraisal institutions qualified for securities and futures business, and finally determines that the total amount of this capital increase is 2456.Freeonlinebingonodepositrequired330000 yuan. After the completion of this capital increase, Crete Machinery will become a controlling subsidiary of the company and will be included in the consolidated statement of the company.
Crete Machinery's main business is carried out in its subsidiary Crete Group, which is committed to the R & D, production, sales and service of large-caliber, high-pound valves, which can design and produce ball valves, gate valves, globe valves, check valves, butterfly valves, power station valves, flat gate valves and other valves in accordance with international standards such as ANSI and API, BS, DIN, JIS and national standards such as GB and JB. Successively passed the ISO9001 quality management system, ISO14001 environmental management system, OHSAS18001 occupational health and safety management system, TS special equipment manufacturing license, API6D certification, API600 certification, API602 certification, API607 fire test, API6FA fire certification, EU CE certification, China Classification Society factory certification, national laboratory, weapons and equipment quality management system certification, product SIL3 certification and so on. It has successively obtained the qualifications of first-class supplier of PetroChina, network supplier of Sinopec, member of CNOOC, CNOOC procurement network, network supplier of China Electric Power Business Network, supplier of Formosa Plastics Network, supplier of Huadian Group, member of China Gas Association, etc. Especially in the high-end subdivision fields such as large diameter fully welded ball valve, metal hard seal ball valve, high temperature and high pressure ball valve, top-mounted ball valve, three-way ball valve and four-way ball valve, it has accumulated profound technical background and rich customer resources. it mainly serves the giants of PetroChina, Sinopec, CNOOC, national pipe network, China Electric Power and so on.
This capital increase is an important layout of the company in the field of process valves. It will help the company to broaden the industrial chain, improve product technology, improve the company's comprehensive competitiveness in middle and high-end fields, and break through industry barriers, especially in petroleum, petrochemical, natural gas pipeline and other industries. it has a strong synergy effect with the company's current business and market development plan.