September 26, 2016 5:10 PM ET

Machinery

Company Overview of Xiamen Xiagong Group Co., Ltd.

Company Overview

Xiamen Xiagong Group Co., Ltd. manufactures engineering machines in China. It offers wheel loaders, excavators, backhoes, rollers, forklift trucks, site compactors, special-purpose trucks, power press machines, stone processing machines, special electronic devices, electrical testing apparatus, crawler excavators, landfill site compactors, special auto, and various parts. The company provides its products in China market, as well as in export markets. Xiamen Xiagong Group Co., Ltd. is based in Xiamen, China.

5th Floor

No.11 Hexiangdong Road

Xiamen,  361004

China

Key Executives for Xiamen Xiagong Group Co., Ltd.

Xiamen Xiagong Group Co., Ltd. does not have any Key Executives recorded.

Xiamen Xiagong Group Co., Ltd. Key Developments

Beijing Company Enters into the Joint Venture Agreement with Xiamen Xiagong, Avic Xian and Xiamen Moyi

On 25 November 2015, Beijing Company entered into the joint venture agreement with Xiamen Xiagong, AVIC Xian and Xiamen Moyi, pursuant to which they agreed to establish the JV Company to engage in the research and development, manufacturing, sale, maintenance and other relevant services of the machines, electricity and liquid control system and parts as well as engineering robot systems and parts. The total registered capital of the JV Company will be RMB 100,000,000, of which 42% shall be contributed by Xiamen Xiagong was RMB 42,000,000, 38% shall be contributed by AVIC Xian was RMB 38,000,000, 11% shall be contributed by Beijing Company was RMB 11,000,000 and 9% shall be contributed by Xiamen Moyi was RMB 9,000,000. The JV Partners will make the first payment of capital contribution in cash in the total amount of RMB 20,000,000, of which RMB 8,400,000, RMB 7,600,000, RMB 2,200,000 and RMB 1,800,000 will be contributed by Xiamen Xiagong, AVIC Xian, Beijing Company and Xiamen Moyi respectively.

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