International Business Daily: News on Genertec’s Speeding up Positioning in Equipment Manufacturing Industry

International Business Daily Online News: Correspondent Ruan Zhimei reported on July 1st, Genertec and Qier Machine Tool Group Co., Ltd officially signed the Reorganizing and Merging Agreement, Genertec increasing its share in Qier to 58.05% to build Qier into Genertec’s digital machine tools manufacturing platform. Genertec also decided to support Qier’s strategy of transnational mergers and acquisitions, and reorganizing and integrating other domestic companies in this industry, therefore, to forge a leading Chinese heavy machine tool manufacturer with international competitiveness ranked among the world renowned heavy machine tool manufacturers.