Announcement on behalf of subsidiary, Sinmag
Equipment (China) Co., Ltd., accept the counseling by
Jinyuan unified Securities Co., Ltd.
Date of events
2022/08/12
To which item it meets
paragraph 53
Statement
1.Date of occurrence of the event:2022/08/12
2.Company name:Sinmag Equipment (China) Co., Ltd.
3.Relationship to the Company (please enter "head office" or
"subsidiaries"):subsidiary
4.Reciprocal shareholding ratios:96.39%
5.Cause of occurrence:The subsidiary of Sinmag Equipment
(China) Co., Ltd., accept the counseling by Jinyuan
unified Securities Co., Ltd..
6.Countermeasures:None
7.Any other matters that need to be specified:
The subsidiary of Sinmag Equipment (China) Co., Ltd.
considers long-term development, and plans to apply to
the competent authorities in China for an initial public
offering and listing in the future. As of now, the
progress is still only in the process of counseling and
filing with the Jiangsu Securities Regulatory Bureau of
the China Securities Regulatory Commission. There are
still uncertainties and unpredictability in the time of
delivery and the length of the application period in
the future.
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Disclaimer
Sinmag Equipment Corporation published this content on 12 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 August 2022 11:24:12 UTC.
SINMAG EQUIPMENT CORPORATION is a Taiwan-based company principally engaged in the manufacturing and trading of bakery and kitchen equipment. The Company's products mainly include mixers, split-round shaping machines, flour pressing machines, fermentation machines, ovens, slicers, frying machines, refrigerators, display cabinets and other kitchen equipment. The Company's bakery machines are applied in the production of bread, cakes, moon cakes and pizzas. The Company is also engaged in the provision of labor services. The Company distributes its products within domestic market and to overseas markets, including Americas, Asia, Europe and Africa.
SINMAG EQUIPMENT CORPORATION 
