Brief introduction of boying investment company

The company's founder, Hubei Axle Factory, was established in September, 1978, formerly known as Hubei Public Security Auto Parts Factory, under the Hubei Public Security Industry Bureau. 198 1 year began to produce Dongfeng brand auto parts. 1983, approved by China automobile corporation, the enterprise was accepted as a member of the national automobile parts joint distribution department. In the same year, EQ 140 rear axle assembly, differential assembly and reducer assembly were successfully trial-produced, and passed the appraisal of Hubei Automobile Industry Corporation and put into formal production. 1984 The enterprise was renamed as Hubei Axle Factory. 1986, the enterprise was approved by Dongfeng Motor Joint Venture Company as the designated factory of No.2 Automobile Group to produce EQ 140 driving and driven gears, planetary gears, half-shaft gears and EQ 140 reducer assemblies. 1987 officially became a member of the second automobile group, and Huatong brand HC20 15 and HC20 15D agricultural transport vehicles passed the provincial appraisal. 1988, approved by the Economic System Reform Office of Hubei Provincial People's Government]1988] No.6, Hubei Axle Factory was reorganized and established as Hubei Axle Co., Ltd., and approved by Hubei Branch of People's Bank of China [1988] 17, and publicly raised 5.5 million shares. In June of the same year, it was registered by the Gongan County Administration for Industry and Commerce and became a joint-stock pilot enterprise offering shares to the public. 1990 in order to expand the production scale and solve the problem of capital shortage of the company, with the approval of Hubei Branch of the People's Bank of China [1990] 164, 3.04 million shares were allocated to shareholders of public shares. 199 1 year, the output value of the enterprise exceeded 50 million yuan, and the enterprise was rated as "advanced unit with economic benefits" by the Hubei Provincial People's Government and won the title of "star enterprise". 1993 was approved by the Hubei Provincial Commission for Economic Restructuring [1993] 158 to raise1000000 shares from the society and issue them at a fair price, accounting for1000000 yuan. 1993 10, according to the specification requirements, the company hired Hubei Assets Appraisal Company to evaluate and reorganize the company's assets and adjust the capital structure. Approved by Hubei State-owned Assets Supervision and Administration Bureau, Hubei State-owned Assets Office (1993) No.99, the company converted the assessed net assets into share capital. 199365438+In February, the State Commission for Economic Restructuring approved Hubei Axle Co., Ltd. to carry out the pilot project of standardizing joint-stock enterprises with document (1993)262, and confirmed it as a social joint-stock company to carry out the pilot project of joint-stock enterprises.