NHI acquires The Robbins Company
Northern Heavy Industries Group finalized a merger and acquisition deal with US-based The Robbins Company on Tuesday in Shenyang, capital of Liaoning province. The merger is expected to sharpen State-owned NHI’s competitive edge and revive the manufacturing sector in the old industrial base in China’s northeastern rust belt. borrowers based overseas, and help Chinese companies sell notes in the offshore market, according to Luo Guang, Golden Credit’s chairman. owned units of the group, it said in a statement to the Shanghai Stock Exchange. Shipbuilders worldwide are seeking to raise funds after posting losses as orders declined or were delayed. Qihoo Chairman Zhou Hongyi, is “continuing to work diligently” toward satisfying the remaining deal conditions, according to a statement distributed by PRNewswire on Tuesday.