On October 9th, Yunnan Copper Group and Japan's Furukawa Electric held a Yuntong Furukawa equity transfer signing ceremony at the headquarters of Yuntong Group. According to the agreement signed by the two parties, Japan's Furukawa Electric transferred 40% of the equity of Yuntong Furukawa to Yunnan Copper Group. Previously, the Yunnan Copper Group had transferred 60% of the equity of the Yunnan Copper Copper River originally held by the Yuntong Copper Group. After the signing of the contract, the Yuntong Copper River will become a wholly-owned company of the Yunnan Copper Group.
Representatives from Japan participating in the signing ceremony are: Gao Jiqingyan, director of the planning department of Furukawa Electric's planning department; Toshihiro Kurohara, general manager of Shanghai Furukawa's Yunhe Furukawa; Junno Nozawa, Furukawa's planning department; and Zhu Yirui, manager of Furukawa's business; For: Niu Dazhi, General Counsel of Yuntong Copper Group, Chairman of Yuntong Guhe, Niu Zhanxian, General Manager of Kunming Copper, Zhao Jinsong, Deputy Director of Investment Department of Yuntong Group, and Yang Yuandi, Deputy Director of Finance Department.
At the signing ceremony, Niu thanked Japan's Furukawa Electric for the mutually beneficial cooperation with Yunnan Copper, which laid a good foundation for the development of Yunnan Copper's Furukawa. He expressed his belief that with the continuous advancement of China's high-speed railway and other businesses, Yuntong Furuhe will certainly welcome more Bright future. It is hoped that the two sides will continue to cooperate in the fields of technology development and market expansion in the future to achieve mutual benefit and win-win development.
Furukawa Electric expressed its gratitude for the good cooperation with Yunnan Copper for 14 years, and expressed regret that Furukawa Electric encountered difficulties and had to withdraw from Yuntong Furukawa, and is willing to continue to cooperate with Yunnan Copper in related fields in the future.
After the transfer agreement was signed, Peng Han, President of the Construction Bank Kunming Chengdong Sub-branch, and Li Yuan, Business Manager of the Construction Bank Kunming Chengdong Sub-branch, on behalf of the Construction Bank Kunming Chengdong Sub-branch, signed a tripartite agreement with Yunnan Copper Group and Japan's Furukawa Electric Regulatory agreement.