Gelonghui January 24 | Bingshan Refrigeration (000530.SZ) announced that in order to rationally plan production capacity, optimize production layout, and improve production efficiency, Songyang Compressor, a wholly-owned subsidiary of the company, plans to sign a transfer agreement with Panasonic Wanbao (Guangzhou) Compressor Co., Ltd. (“Panasonic Wanbao Compressor”) to transfer some of its machinery, equipment and supporting inspection tools to Panasonic Wanbao compressors. The total assessed value of the machinery, equipment and supporting inspection tools and molds to be sold by Songyang Compressor is 27.461,800 yuan.

This transfer of machinery, equipment and inspection tools will help Songyang compressors make rational use of internal space, optimize production layout, improve production efficiency, and improve operational quality.