X
Jan 06, 2021 11:28 AM (GMT+8) · EqualOcean
This morning, Weichai group held a press conference to inform Weichai group about the strategic restructuring of Lovol heavy industry. Tan Xuguang, chairman of Shandong heavy industry group, Weichai group and sinotruk group, said that the two sides had signed a strategic cooperation agreement on December 1, 2020 and completed the delivery on December 29. According to the agreement, Weichai group holds 60% of the equity of Lovol heavy industry, Tianjin Lovol holds 38.62%, and Weichai group becomes the controlling shareholder of Lovol heavy industry. Lovol heavy industry is one of the leading enterprises of China's agricultural equipment brand, and also the only independent brand in China that can provide the whole mechanization solution for modern agriculture.

This text is a result of machine translation.