Cooperation and win-win Yuchai Group and Petronas Group accelerate the listing of joint ventures

    Yu Ping, Chairman of Yuchai Group Co., Ltd., met with Datuk Sri (Datuk Seri), the downstream president of Petronas Group, and reached an important consensus on accelerating the listing of the joint venture company Yuchai Ma Petroleum Lubricants Co., Ltd. (IPO project).
    Yu Ping, Chairman of Yuchai Group, and Datuk Sri (Datuk Seri), President of Petronas Group Yu Ping, Chairman of Yuchai Group, and Datuk Sri (Datuk Seri), President of Petronas Group

    Yuchai Group and Petronas Group jointly established Yuchai Ma Petroleum Lubricant Co., Ltd. in May 2013. Yuchai Ma Petroleum Lubricant Co., Ltd. mainly focuses on diesel engine lubricating oil, leading the industry in high grade diesel engine oil, and its key operating indicators are relatively good. .

    In August 2019, Yuchai Ma Petroleum Lubricant released the special oil of the national brand of the six tigers in the Beihai. In August 2019, Yuchai Ma Petroleum Lubricant released the special oil of the national brand of the six tigers in the Beihai.

    In the context of fierce competition in the industry, in order to promote the governance structure, decision-making efficiency and institutional mechanism of Yuchai Ma Petroleum Lubricants Company to better adapt to market competition, the shareholders and the two sides jointly plan to accelerate the listing of the company and plan to complete the restructuring in April 2020. Through restructuring and listing, we will expand the financing channels of Yuchai Ma Petroleum Lubricants Co., Ltd., and raise funds for product R&D, market expansion, equipment upgrade and post-production mergers and acquisitions, attracting technology and management talents, enhancing corporate reputation and competitiveness, and establishing industry brands.

    Yuchai Ma Petroleum Lubricant was selected as “Top Ten Brands in Lubtop2018 China Lubricant Industry” Yuchai Ma Petroleum Lubricant was selected as “Top Ten Brands in Lubtop2018 China Lubricant Industry”

    During the exchange, the two sides conducted in-depth discussions on the core issues of the listing and reached a consensus on listing. They agreed that Yuchai Ma Petroleum Lubricant Co., Ltd. has a good listing basis and should grasp the timing of the listing.

    It is reported that Yuchai Ma Petroleum Lubricant Co., Ltd. is preparing for listing in 2017 and officially launched its listing in 2018. The listing project has completed a series of work including listing research, intermediary bidding, due diligence, listing project leading group and working group. According to the diagnosis of the listed intermediary, Yuchai Ma Petroleum Lubricant Co., Ltd. has the basic conditions for listing on the main board, and the listing feasibility is relatively high.

    Reading volume: Source: Yuchai Group Author: Le Feng

    Prepainted Steel Coil

    PPGI/PPGL(prepainted galvanized steel /prepainted galvalume steel )is also known as pre-coated steel,color coated steel, coil coated steel, color coated steel,pre pianted steel sheet,The PPGI Steel Coil/sheet made of cold-rolled steel sheet and galvanized steel sheet, subjected to surface pretreatment (degreasing, cleaning, chemical conversion treatment), coated in a continuous manner, and baked and cooled to form a product. Coated steel has light weight, beautiful appearance and good anti-corrosion performance, and can be directly processed.

    Color coated steel coil is mainly divided into three parts: construction, household appliances and transportation. Building is generally used to build the roof, wall and door of industrial and commercial buildings such as steel structure workshop, airport,warehouse and freezer. Household appliances are used in the production of refrigerators and large air conditioning systems, freezers, toasters, furniture, etc. Transportation industry is mainly used for oil pan, automobile interior parts, etc.

    Hot Dipped Galvanized Steel Coil,Ppgi Coil,Ppgl Steel Coil,Prepainted Galvanized Sheets

    Shandong Guanzhou Iron and Steel Group Co., Ltd , https://www.shansteelsupply.com

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