7.2 billion capital increase subscription Xinjiang Kunlun Tire 51 Double the money stock on November Breitling Blackbird 5 announcement that evening, after the date of the Board of Directors considered and approved, the company will be 572 million yuan capital increase, subscribed capital held in Xinjiang Kunlun Tire Co., Ltd. (referred to as the new Queensland company) 51% stake, a new controlling shareholder of the company, according to Quinn, the new Queensland is the only production in Xinjiang tire manufacturing enterprises, Kunlun brand has a good reputation in the Northwest Territories. New Queensland major products currently its wholly-owned subsidiary of Xinjiang Kunlun OTR limited liability company produces one million bias tires; and April 2011 in Urumqi, factory production of 600,000 steel truck tire production lines, the annual output of 2012 about 250,000 in 2013 to 500,000 planned production data show that in 2012 the new Queensland company's operating income 1.149 billion yuan, net profit of 12.86 million yuan, the total assets of 1.662 billion yuan by the end of the net assets of 319 million yuan. January to July 2013 the new Queensland company's operating income 742 million yuan, net profit of 35.66 million yuan in 2013, July 31 Nisshin Queensland's total assets 1.679 billion yuan, net assets of 364 million yuan According to the announcement, the new company will Queensland companies to increase 572 million yuan to subscribe for capital increase held 51% stake in the new company Queensland, Queensland became the controlling shareholder of the new company. New Queensland capital after the company changed its name to Double Coin Holdings (Xinjiang) Kunlun Tire Co. double the money stock, said the new company is located in Xinjiang, Queensland, adjacent to the five Central Asian countries, according to statistics, in 2010 the five countries of Central Asia in 2012 imports from China Steel Number of births annually iwc ingenieur to maintain a 10% increase, a huge steel tire export potential. However, due to the five Central Asian countries in Mainland China transport patek philippe aquanaut distance is longer, higher logistics costs, and therefore the mainland market for tire manufacturing companies to expand in these areas are not active; new Queensland company significant locational advantages for the development of the five Central Asian States Steel tire market has brought great convenience.