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19 May 2014

LiuGong opens Hong Kong subsidiary

First published14/05/2014
LiuGong has opened its Hong Kong subsidiary when  Mr Wang Xiaohua, chairman of LiuGong Group; Mr Zeng Guang’an, chairman of LiuGong Machinery and president of LiuGong Group and other top management as well as LiuGong business partners, attended the opening ceremony.

The company says the establishment of Hong Kong subsidiary will improve LiuGong’s expansion in overseas markets and help with long-term stable growth. It is also an important step for LiuGong to optimise overseas capital management, achieving its commitment of improving business value chain, foreign exchange and financial leasing management.

“Capital operation is critical during the whole process of LiuGong’s globalization,” said Zeng Guang’an at the opening ceremony.

“We should pay more attention on tax, financing, foreign exchange management for better development of our overseas market. Located at the centre of the Asia Pacific region, Hong Kong has a sound legal system and an excellent free trade market. We believe the establishment of LiuGong Machinery Hong Kong will play an increasingly important role in our overseas expansion.”

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