Date: 2013-08-16

Xiangyang Automobile Bearing Completed Share Transfer Agreement of the Acquisition of Poland FLT Company

On August 2nd, the share signing ceremony of Xiangyang Automobile Bearing’s acquisition of Poland FLT Company was held in Huasha. The president Mr. Gao Shaobing and two officials from Poland Industrial Development Authority jointly signed the share transfer agreement. Now, Xiangyang Automobile Bearing normally holds the FLT Company’s stake of 89.15%, becoming the largest shareholder of FLT Company.
 

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