Search
Confirm
Cancel

The material assets reorganization of the company was unconditionally approved by the CSRC

  • Categories:News
  • Author:
  • Origin:
  • Time of issue:2020-11-30 10:15
  • Views:

(Summary description)On September 15, the material assets reorganization of Bosun Tools Co., Ltd. (hereinafter referred to as "Bosun Tools"), which issued shares and paid cash to purchase assets and raise supporting funds, was reviewed and approved unconditionally at the 55th working meeting of the M&a Review Committee of listed companies of China Securities Regulatory Commission (CSRC) in 2017.

The material assets reorganization of the company was unconditionally approved by the CSRC

(Summary description)On September 15, the material assets reorganization of Bosun Tools Co., Ltd. (hereinafter referred to as "Bosun Tools"), which issued shares and paid cash to purchase assets and raise supporting funds, was reviewed and approved unconditionally at the 55th working meeting of the M&a Review Committee of listed companies of China Securities Regulatory Commission (CSRC) in 2017.

  • Categories:News
  • Author:
  • Origin:
  • Time of issue:2020-11-30 10:15
  • Views:
Information

On September 15, the material assets reorganization of Bosun Tools Co., Ltd. (hereinafter referred to as "Bosun Tools"), which issued shares and paid cash to purchase assets and raise supporting funds, was reviewed and approved unconditionally at the 55th working meeting of the M&a Review Committee of listed companies of China Securities Regulatory Commission (CSRC) in 2017.

In this transaction, Boshen Tools will purchase 100% of the equity of Changzhou Jinniu Grinding Co., LTD. (hereinafter referred to as "Jinniu Grinding") by issuing shares and paying cash.After the completion of this transaction, Golden Bull Grinding will be integrated into Boshen Tools and become a wholly-owned subsidiary of Boshen Tools.

The main business of Jinniu grinding is the production, research and development and sales of coated abrasives, including sandpaper and emery cloth.Through this horizontal merger and acquisition, The main business of Boshen tools will be expanded to the coated abrasives in the abrasives industry, the product structure of the company will be more abundant, and the market competitiveness in the abrasives industry will be further improved.

This project complies with the development plan of Boshen Tools, and combined with the industrialization project of its high-speed railway brake pieces, Boshen Tools will gradually develop into a group multinational enterprise whose business covers the three fields of "hardware tools, rail transit equipment and coated abrativetools", with prominent profitability, obvious core advantages and solid and steady.

Related News

11-30

The material assets reorganization of the company was unconditionally approved by the CSRC

On September 15, the material assets reorganization of Bosun Tools Co., Ltd. (hereinafter referred to as "Bosun Tools"), which issued shares and paid cash to purchase assets and raise supporting funds, was reviewed and approved unconditionally at the 55th working meeting of the M&a Review Committee of listed companies of China Securities Regulatory Commission (CSRC) in 2017.
11-30

Our company has successfully passed IRIS certification

After obtaining the CRCC certification certificate of China Railway Certification Center in January this year, the company successfully passed the on-site audit of SGS certification Company in June, and obtained the International Railway Industry Standard (IRIS) certificate and ISO 9001:2008 certificate.
11-30

"You are more German than the Germans."

From December 5 to December 9, Wang Zhendong, technical member of the office of the Board of Directors of the company, and Liu Yingkai, director of technical Research and development department of rail Transit Division, went to RENK company in Augsburg, Germany to review various design schemes of 1:1 friction brake test-bed designed and developed by RENK Company for our company.

Contact

Add:1181 n.tustin ave.anaheim,california,92807,usa
Kevin wang  Marketing manger
Cell:
+861 831 256 8991
Office:+861 657 208 3105
E-mail:kevin@icuttoolscorp.com
Web: http://www.icuttoolscorp.cn/