New products launch, JL-6020, PSP-110, JH21B-500, JW31-110, JH25-400, YWK34-800, WE67k-1000/7000 and WDH-125.
Completion of acquisition of Wanning Yinhu Hot Spring Holiday Hotel Co., Ltd.
Incorporation of 90% owned World Precise Machinery (Thailand) Co., Ltd.
World Precise Machinery (Thailand) Co., Ltd entered into Land Purchase Agreement.
Capital reduction in World Precise Machinery (Thailand) Co., Ltd.
Incorporation of Subsidiary, Hainan World Tourism Invetsment Co., Ltd.
The proposed acquisition of 100% equity of a to-be incorporated project company with certain hospitality assets and liabilities transferred from Hainan Xinglong Pearl Investment Co., Ltd.
Equity tarnsfer of 10% of World Precise Machinery (Thailand) Co., Ltd. to the Group.
New products launch, JL-39-1300, JM36-315, JS39-800H, YW29-200 and YW29-315.
The proposed acquisition of industrial land in Thailand.
Incorporation of subsidiary, Jiangsu World Tourism Invetsment Mangement Co., Ltd.
The proposed acquisition of Wanning Yinhu Hot Spring Holiday Hotel Co., Ltd.
New products launch, LG6020K, PSP-80, DS2-200, JL21-125, YW41-125, JS36-600+400, JS39-400, JW31Z-80.
Completion of the sale of all the shareholding interest in Shenyang World High-End Equipment Manufacturing Co., Ltd. to World Agricultural (Shenyang) Co. Ltd. for a cash consideration of RMB263.1 million.
New products launch, LD-3015K, LD-2020C2, LD-3015C2Z, LD-3015KL, DS2-250.
Shareholders of the Company have at the Extraordinary General Meeting held on 22 December 2020 approved the sale of all the shareholding interest in Shenyang World High-End Equipment Manufacturing Co., Ltd. to World Agricultural (Shenyang) Co. Ltd. for a cash consideration of RMB263.1 million.
New products launch, JS39-800, JS39-1200, JS39-1600, JS36-1000 and F4020.
New products launch, WS67K-63/2500, WS67K-100/3200, JH28-160, JH28-200, JH28-400 and WD-F3015L.
New products launch, NC1-110, NC1-160, NC1-200, NC1-260 and JA89-1000.
New products launch, DS1-160, JS39-1600 and JH24-200.
New products launch, J31-1250 and JX36-1000.
DECEMBER Amalgamation of PRC subsidiaries, WHMT, WCNC and WPMM amalgamated into WPM (China).
New products launch, JS36-250 and JSG36-1000.
DECEMBER Divestment of SSP.
APRIL Increased investment in wholly-owned subsidiary, WHMT, WPMP & WCNC.
New product launch, JX36-630.
MARCH Company's wholly-owned subsidiary, WHMT, accredited as High/New Technology Enterprise.
FEBRUARY Increased investment in wholly-owned subsidiary, WHMT.
JANUARY WHMT spin-o of assets and liabilities of parts casting segment.
Incorporation of new wholly-owned subsidiary - World Precise Machinery Parts (Jiangsu) Co., Ltd. ("WPMP") to take over part casting segment from WHMT.
DECEMBER WPMS completing Phase 1 of its plant.
SEPTEMBER Increased investment in wholly-owned subsidiary, WPMS.
JULY Increased investment in wholly-owned subsidiary, WHMT.
FEBRUARY Company's wholly-owned subsidiary, WCNC, accredited as High/New Technology Enterprise.
DECEMBER Increased investment in 60% owned subsidiary, SSP.
NOVEMBER Company's wholly-owned subsidiary, WPM (China), re-accredited as High/New Technology Enterprise.
OCTOBER Change of subsidiaries name - BWHM to World Heavy Machine Tools (China) Co., Ltd. ("WHMT") and BWCNC to World CNC Machine Tool (Jiangsu) Co. Ltd. ("WCNC").
MAY Company's wholly-owned subsidiary, WPMS, acquired a land use right over an industrial land located at Xi He Jiu Bei Jie situated within the Shenyang Economic and Technological Zone (沈阳经济技术开发区细河九北街) with total land area of 364,922.74 sqm for a total consideration of RMB 123.3 million.
APRIL Proposed change of name from BWPM to World Precision Machinery Limited ("WPM") to better align the Company's name with the Group's brand of stamping machines marketed under the "WORLD" brand. This is to provide a clear identity for the Company and better reect the Company's corporate prole going forward.
OCTOBER Incorporation of new wholly-owned subsidiary - World Precise Machinery (Shenyang) Co., Ltd. ("WPMS") to strategically increase our activities in the proximity area and increase sales contributions from the region.
MAY Incorporation of new wholly-owned subsidiary - World Precise Machinery Marketing Company ("WPMM") to act as a sales platform for the Group (i.e. to manage all marketing and sales activities of the Group).
MARCH Incorporation of new wholly-owned subsidiary - Bright World CNC Machine Tool (Jiangsu) Co., Ltd. ("BWCNC") for the development, manufacture and sale of CNC-based technology products.
China Holdings Acquisition Corp. proposed acquisition of the Group.
AUGUST Joint venture and incorporation of new 60% owned subsidiary - Shanghai Shangduan Press Co., Ltd. ("SSP") for the manufacture, sale as well as research and development of high-tonnage stamping machines.
MARCH Incorporation of new wholly-owned subsidiary - Bright World Heavy Machine Tools (China) Co., Ltd. ("BWHM") to further our foray into the high-performance and high-tonnage stamping machines.
APRIL Listing of Bright World Precision Machinery Limited ("BWPM") on SGX-ST Mainboard.
Expanded production area by a further 100,000 sqm.
JUNE Expanded production area of approximately 130,000 sqm.
FEBRUARY Acquisition of WPM (China).
MAY Incorporation of new wholly-owned subsidiary - World Precise Machinery (China) Co., Ltd. ("WPM (China)") and acquisition of relevant business from JWMT.
OCTOBER Obtained ISO 9001:2000 accreditation from China United Certication Center.
AUGUST Expanded production area to approximately 36,800 sqm.
AUGUST Expanded production area to approximately 14,700 sqm.
MARCH Jiangsu World Machine Tool Co., Ltd. ("JWMT") acquired the stamping machine manufacturing business from Jiangsu Danyang Stamping Machine Factory.
Established production area of approximately 6,600 sqm.