徐工改制始末

The Whole Story of XCMG's Reform

2005年10月25日，南京，徐州工程机械集团有限公司（以下简称“徐工集团”）与凯雷投资集团（以下简称“凯雷”）签署协议。凯雷以3.75亿美元收购徐工集团全资拥有的子公司徐工集团工程机械有限公司（以下简称“徐工机械”）85%的股权。至此，徐工集团耗时近3年的改制风云基本尘埃落定（已获徐州市人民政府批准，尚需商务部、国资委及证监会的最终批准）。

Xuzhou Construction Machinery Group Co., Ltd. (XCMG) signed an agreement with Carlyle Group in Nanjing on Oct. 25. 2005. Carlyle Group will investe $ 0.375 billion in purchasing 85% stock of Xugong Construction Machinery Co., Ltd., the suh-ordinate exclusive equity sister company of XCMG. Now the sea is calm after the ending of XCMG's reform for 3 years. Some comment on the reform from the web is that it's just a game. A game! Perhaps the reform is indeed an international game that Chinese enterprises must face.