Development of the auto parts industry in the bearing business areas
South Bearing announcement, to expand the company in bearings, auto parts industry business, the company intends to set up a "Jiangsu Province, south-made E-Commerce Co., Ltd." (hereinafter referred to as "South wisdom made") in Changzhou, to provide professional e-commerce platform for innovation business model, participation bearings and auto parts investment, operation and management.
Notice that wisdom made the South registered capital of 500 million, registered address, Wujin Hi-tech District, Changzhou City, where South Bearing in cash, 100% stake after the South wisdom made to set up its main business for the online business of goods and services .
Southern bearing, said the company's existing China and Chinese auto parts bearing net net, the proposed construction and operation of this project bearings, auto parts spot online trading platform to integrate these two professional websites, as bearings, auto parts trade enterprises to provide electronic business services for computers, mobile phones and other end-users sunshine procurement services, and the eventual realization from the factory to the end user "seamless trading platform."
