Date: 2013-07-31

Dongfang Bearing Established Korea-China Bearing Company in Korea

Dongfang Bearing Established Korea-China Bearing Company in Korea

Sichuan Dongfang Bearing Manufacture Co., Ltd established Korea-China Bearing Company in Korea in order to further expand opening and fully take advantage of international & domestic markets.

Reportedly, co-invested by Korean natural persons Chen Rencheng, Jin Chengtai, Yu Fulian, TAISEI INC Company and Dongfang Bearing, Korea-China Bearing Company will concentrate on manufacturing and selling bearings.

Korea-China Bearing Company was registered with the total capital of 800 million KRW, among which Dongfang Bearing invested 200 million KRW physical assets, accounting for 25% shares, and all of other shareholders with the full capital.

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