34 million 650 thousand yuan increase in capital

- Dec 13, 2016-

Sunwoda (300207) December 8th announcement, the company intends to use its own funds 34 million 650 thousand yuan capital increase shares of Shenzhen Baosheng automation equipment Co. Ltd. (hereinafter referred to as "Julius Baer automation"). Which 12 million 860 thousand yuan in registered capital, 21 million 790 thousand yuan into the capital fund. After the capital increase, the company holds 30% stake in Julius Baer automation.          

R & D and sales Baosheng automation main automation equipment R & D and sales; computer software; precision parts, mechanical components, electronic components sales; automation equipment leasing; domestic trade, goods and technology import and export.          

The transformation and upgrading of traditional manufacturing to intelligent manufacturing is the inevitable development trend of manufacturing, and automation is an important part of intelligent manufacturing. The company's automation level is in the industry leading level, has been focusing on the development of automation. Through the capital increase, make full use of and play the advantages and resources of both sides, and jointly develop intelligent manufacturing market, improve the company's strategic layout in the field of intelligent manufacturing automation.

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