Date: 2013-07-31

Xiang Yang Automobile Bearing Co., Ltd Plans to Transfer Stock Equity with Reserve Price of Seven Million RMB of the Joint Stock Company

It is announced on Tuesday night that Xiang Yang Automobile Bearing Co., Ltd intends to publicly transfer 40% stock equity with the reserve price of 7.13 million RMB of Wuhan Zhiyuan Medical Science & Technology Co., Ltd in Wuhan Optical Valley United Property Rights Exchange.

The capital cost of this joint stock company held by Xiang Yang Automobile Bearing Co., Ltd was four million RMB, the transfer for stock equity is to receive investment, thus to mainly foucus on bearing industry in the future.

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