tricyclic Xiang-axis industrial park a construction project."

Xiangyang Taper bearing contrarian expansion actual controller dig 547 million from pay
21st Century Network December 18, Xiangyang bearing (3.81,0.01,0.26%) (000678.SZ) announced the acquisition of the report, the company's actual controller tricyclic Group (hereinafter referred to as tricyclic group) to be adopted by recognized
21st Century Network December 18, Xiangyang bearing (3.81,0.01,0.26%) (000678.SZ) announced the acquisition of the report, the company's actual controller tricyclic Group (hereinafter referred to as "ring group") to be adopted by subscription Xiangyang bearing be increased to 80% of the shares, booster Xiangyang bearing investment, "tricyclic Xiang-axis industrial park a construction project."
However, this acquisition in the automotive industry into a backdrop of winter, but not optimistic about the industry, and the actual control of listed companies contrarian expansion generous "blood transfusion", has also been market participants believe that the local government under the impulse GDP irrational choice.In fact, for many years already Xiangyang bearing insipid performance weakness filling. In the first two quarters of this year, after consecutive losses in the third quarter, although profitability, but not its operating conditions improved, but because of the sum from the government subsidy of up to 12,919,800 yuan.
Institute of Petroleum Machinery Bearings Bearing Factory is a former Northwest Precision bearing Institute came into being after several reform and restructuring. The Institute holds the petroleum machinery bearing core design and manufacturing technology, the combination of scientific and technical personnel Northwest bearing workers and leaders of several generations of hard work sweat and wisdom. Relying on the Institute, Northwest bearing stock company produces various types of petroleum product life performance precision mechanical bearing the same period reached the international level of similar products in the domestic petroleum machinery manufacturing enterprises industry reputation, becoming the first brand of domestic petroleum machinery bearings. Products cover all areas of domestic petroleum machinery and equipment, and exported around the world. The company developed the production of petroleum machinery bearing in its heyday China's bearing industry has accounted for similar products in the domestic market share of more than 80% export market share above 90%. To improve the core competitiveness of enterprises, survival and development of enterprises play a vital role in