Lingyun Industrial to reorganize operations  [ China ]

On October 19, 2016, Lingyun Industrial Co., Ltd. and North Lingyun Industrial Group Co., Ltd., which is a shareholder of Hebei Taihang Machinery Industries Co., Ltd., signed a framework agreement on organizational restructuring. In accordance with this agreement, Lingyun Industrial will acquire 100% stake in both Hebei Taihang Machinery Industries Co., Ltd. and Beijing oLinkStar Co., Ltd. (Fro...