Zhejiang Yinlun Machinery Co., Ltd. Was Approved to Issue 30 Million Shares


Zhejiang Online Zheshang.com March 5 News The China Securities Regulatory Commission issued a notice recently. After the review of the 22nd meeting in 2007, Zhejiang Yinlun Machinery Co., Ltd.'s initial release was approved.

According to public information, Zhejiang Yinlun Machinery Co., Ltd. plans to issue 30 million shares of outstanding shares, and the total share capital of 100 million shares will be issued. The above 100 million shares are tradable shares. Among them, the shareholder Zhejiang Yinlun Industrial Development Co., Ltd. (holding 49 million shares, accounting for 70% of the total issued share capital) and Xu Xiaomin (actual controller, holding 60,426,036 shares, which accounted for 8.63% of the total issued share capital) promised to: Within thirty-six months from the date of the listing, the issuer’s shares that have been directly and indirectly held are not transferred or entrusted to others, nor is the issuer acquiring such shares. Other shareholders promised not to transfer their shares within 12 months from the date of stock listing. After the expiration of the commitment period, the above shares can be listed for circulation and transfer. The sponsor of this offering is Everbright Securities.

Company Profile: Zhejiang Yinlun Machinery Co., Ltd. was established in 1958. It used to be the Tiantai Machinery Factory. In 1994, the product entered the US aftermarket and began to participate in global competition. In 1998: The shareholding by employees was successfully changed from state-owned to private-owned stocks. In 2001: The product entered the US OEM market, and the business, logistics, and new product development processes began to be in line with international standards. In 2003: The company's technological transformation project was listed as a major support for the national debt project. The first phase of the transformation was completed and put into use. It covers an area of ​​200 mu (approximately 140,000 square meters) and a building area of ​​58,000 square meters, of which a production area of ​​40,000 square meters. . Has four major production plants, independent research and development buildings and office buildings. The second phase of investment in reconstruction was 110 million yuan, and the project is under intense tension. After the completion of the second phase of renovation, the company's new factory area will reach 270,000 square meters. In 2005: The company produced 3.8 million sets of various types of radiators, achieved sales revenue of 460 million yuan, earned foreign exchange of 28 million US dollars, and the company's assets reached 400 million yuan.

Zhejiang Yinlun passed ISO9002 quality system certification in 1996 and QS9000 and VDA6.1 quality system certification in 2000. In 2005, Silver Wheel passed the "three-in-one" quality system certification of ISO/TS16949, ISO14000 and OHSAS18000. At present, the world's three largest diesel engine plant - Cummins of the United States, Perkins, the United Kingdom, Germany Deutz; the world's three largest supplier of automotive parts and components integration - Delphi, Westone and France Valeo; and many famous cars in the world Companies such as Ford, Dirk-Benz, Volvo, etc. are all customers of the Silver Wheel. In China, Silver Wheel and FAW Dachai, Xichai, Second Automobile, Liuute, Dongfeng Cummins, Weichai Power, Yuchai, Shangchai, Yunnei, Hongyan, Liuzhou, Jinlong, Yutong, Nanhua Iveco, Tianjin Perkin Sis and other major engines and automobile manufacturers have established close cooperative relations.

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