• Hello Customer - Log in or Register!
  1. Home
  2. News / HRB to attract 700 million yuan investment for capital increase
Date: 2015-08-19

HRB to attract 700 million yuan investment for capital increase

After three years of preparation, HRB Development Strategy Seminar & Signing Ceremony was held on August 8th, 2015. HRB plans to attract 700 million yuan investment to increase capital and share, the largest investment move among Harbin state-owned industrial enterprises in past 10 years.

As the symbol of Heilongjiang Old Industry Base, HRB Group has been the backbone enterprise in China's bearing industry since its establishment in 1950. Harbin Bearing Manufacturing Co., Ltd., a subsidiary of HRB Group, established the "capital equity & equity securitization" as the main direction in 2012.

Up to now, Harbin Bearing Manufacturing Co., Ltd has a total assets of 1.567 billion yuan, including 500 million yuan net assets planed as the main body of this capital increase. 700 million yuan funds will be invested. The state-owned shares will account for 55.6% and the equity funds will be 44.4% after the capital increase.

It is reported that the funds will be mainly applied for mergers and acquisitions, marketing services, product development, new plant construction, etc.


Previous: LYC and Luoyang Bearing Science & Technology both won Provincial Industry and Information Technology Achievement Award
Next: Xiangyang Automobile Bearing obtained goverment subsidies of RMB 1.795million

Hot Products:
Product Model Inside Diameter Outside Diameter Thickness
K6×9×8T2 NTN 6 9 8
K5×88×10T2 NTN 5 8 10
【TradeBearings News Statement】

1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"TradeBearings".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.

CATEGORIES