According to the Tianyancha App, recently, XCMG Industrial Investment and Development Co., Ltd. underwent business changes, and the registered capital increased from 597 million yuan to 1,047 million yuan, an increase of about 75%. The company was founded in December 2020, and its legal representative is Shao Danlei. Its business scope includes investment activities, venture capital, equity investment, etc. with its own capital, and is wholly owned by Xuzhou Construction Machinery Group Co., Ltd.

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