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Did Hangzhou Xiasha Shengang withdraw its capital?
Hangzhou Shengang Construction Machinery Co., Ltd. announced in February 20 17 that it decided to withdraw its investment and leave China. Shengang Construction Machinery Co., Ltd. has become a subsidiary of Kobe Steel Works, a fortune 500 company in the world, specializing in manufacturing and selling construction machinery such as excavators and cranes. In August 2003, Chengdu Shenzhen-Hong Kong Construction Machinery (Group) Co., Ltd. was established in Chengdu, China. Its subsidiaries include Chengdu Shenzhen-Hong Kong Construction Machinery Co., Ltd. (producing hydraulic excavators) and Sichuan Chengdu Chenggong Construction Machinery Co., Ltd. (producing wheel loaders and other equipment). Chengdu Shenzhen-Hong Kong Construction Machinery (Group) Co., Ltd. mainly sells construction machinery such as Shengang brand hydraulic excavators and Chenggong brand wheel loaders.
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