Changchun Jiyang Fire Fighting Vehicle Co., Ltd. announced that it expects to receive funding from Xuzhou Handler Special Vehicle Co., Ltd. and other investor.
March 09, 2012 at 11:00 pm EST
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Changchun Jiyang Fire Fighting Vehicle Co., Ltd. announced that it intends to raise an equity round of funding from Xuzhou Handler Special Vehicle Co., Ltd. and Guo Jianwei on March 10, 2012. After closing of the transaction, Xuzhou Handler Special Vehicle Co., Ltd. will hold 80% stake and Guo Jianwei will hold 20% stake in the company. Guo Jianwei will invest by using the existing net assets in the company at the appraisal value. The company had sales of CNY 82.54 million for assorted of fire vehicles and profit of CNY 11.03 million in 2011.
XU ZHOU HANDLER SPECIAL VEHICLE CO.LTD is a China-based company principally engaged in the research, development, manufacture and operation of aerial work vehicles and power security vehicles. The Company's main products include aerial work vehicles, power generation vehicles, bypass-powered vehicles and power repair vehicles. The Company's aerial work vehicles are mainly used in electric power, municipal streetlight, landscaping, public security and petrochemical industries. The Company distributes its products mainly in domestic market, with eastern region of China as its main market.
Changchun Jiyang Fire Fighting Vehicle Co., Ltd. announced that it expects to receive funding from Xuzhou Handler Special Vehicle Co., Ltd. and other investor.
XUZHOU HANDLER SPECIAL VEHICLE CO., LTD 
