Guangzhou Diesel Engine Plant Global Partners Partners to invest at least 322 million

The diesel engine factory in Guangzhou, one of the oldest companies in the Chinese diesel engine manufacturing industry, has publicly recruited “partners” from around the world. On February 22, 2012, the reporter saw on the listed project information on the website of the Guangzhou Property Exchange that the Guangzhou Diesel Engine Factory will introduce investors through a capital increase and share expansion scheme, and set its threshold to increase at least RMB 322 million. At the same time, it is required that the intended investor or its parent company must have the background of the central government.

The announcement requires that investors will subscribe for 47.40 million shares of Guangzhou Diesel Engine Co., Ltd., which is 42.14% of the shares of the Guangzhou Diesel Engine Factory after the capital increase and share expansion, with no less than RMB 320 million. The registered capital will increase to approximately 112 million yuan.

The project announcement also puts forward additional conditions: the Consortium will not accept the participation, and the intent investor shall be an enterprise legal entity established and validly existing in China; the intending investor or its parent company or its actual controller shall have the background of the central enterprise; and the intent investor Or its parent company is a national marine diesel engine research and development institution (except enterprise technology center), with independent R&D capability of marine diesel engine; intentional investor or its parent company has high-power high, medium and low-speed marine diesel engine product independent design and development performance. .

It is understood that the Guangzhou Diesel Engine Factory was founded in 1911 and is one of the oldest companies in the Chinese diesel engine manufacturing industry. The IPO announcement shows that the current business scope of the Guangzhou Diesel Engine Factory mainly includes: marine diesel engine manufacturing, casting manufacturing, maintenance of diesel engines and generator sets.