ShangGong (Europe) Holding Corp. GmbH
As a wholly-owned subsidiary of Shang Gong GROUP CO., LTD, ShangGong (Europe) Holding Corp. GmbH was founded on February 17, 2004, registered in Bielefeld, Germany with a registered capital of EUR 12,500,000.
The scope ofbusiness of the Company covers the management of its own assets, ,international trade of commodities which do not require a special license, and establishment, acquisition, participation, controlling or transfer of companiesin same or similar form.
The Company acquired Dürkopp Adler AG and became its majority shareholder in July of 2005.It now holds 7,708,472shares in Dürkopp Adler AG, which accounts for 94.01% ofits total shares. In March and June 2013 the Company acquired respectively PFAFF Industriesysteme und Maschinen GmbH and KSL Keilmann Sondermaschinenbau GmbH.
Through thepost-acquisition business integration, those Companies will serve as a special platform under ShangGong Group to facilitate the opening-up of international markets for Shanggong products and the penetration of Dürkopp Adler , Pfaff and KSL products into Chinese and Asian markets.