Fong’s Industries merged with China Hi-Tech Corporation to favourable for the Chinese and the Global Textile Industry
Following to a sale and purchase agreement between China Hi-Tech Group and Mr. Fong Sou Lam, the controlling shareholder, Chairman and director of Fong’s Industries Co. Ltd., both companies announced in January 2011 that China Hi-Tech Group is to make a possible acquisition. Now the acquisition took place: China Hi-Tech Group has completed its acquisition of the controlling shareholding in Fong’s Industries Co. Ltd.
2011年1月中国恒天集团与立信工业有限公司控股股东、主席兼董事方寿林先生签署买卖协议后，两家公司均宣布中国恒天集团将立信工业纳入麾下。目前中国恒天集团已完成了对立信工业有限公司控股权的收购。
Fong’s Industries has now a new major shareholder and will remain an independent public company at the HK stock exchange. China Hi-Tech Group Corporation (CHTC) holds a majority of some 60 percent of the shares and (the now) honorary Chairman and Executive Director Fong Sou Lam is holding 22 percent. Through the acquisition, it enables the companies to further strengthen their businesses within the textile machinery industry.
尽管立信工业现在有了新的大股东，但它仍是香港交易所的独立上市公司。中国恒天集团（CHTC）持有约60%的主要股份，而（现）荣誉主席兼执行董事方寿林则持有22%的股份。并购后，公司能进一步增强各自在纺机业的运营水平。
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