NEWS AND MEDIA
XCMG AUTHORIZE SALES AND AFTER SALES TO TOPLAND
Topland Oilfiled Supplies Ltd. (“Topland’’) is pleased to announce that it has entered into a definitive agreement with Xuzhou Xugong Foundation Construction Machinery Co., Ltd. (“XCMG”) for the sales and maintenance with the our long-term partner Petro Drill Logistic Company (“PDL”) who shares our vision to capture the significant opportunities in the coming years. This authorization is subject to customary regulatory approvals and closing conditions and is expected to run until 31 May 2017 with following equipment: Rotary Drilling Rig, Monitored Continuous Flight Auger, Underground Diaphragm Wall Hydraulic Grab, Trench Cutter, Horizontal Directional Drilling Machine, Road header, Deep Well Drilling Rig, Anchor Drill, and Core Drill.
The authorization for Topland is anticipated to have at bright future cooperation in Iran and Iraq markets and probably in the next few years target for the Mideast market; Africa market; European market and America market. Therefore, the advantage of the authorization provides an excellent opportunity for Topland to increase and diversify our exposure within the Foundational construction space, a sector we view as critical to supporting rising levels of global prosperity. Cooperating with strong partners and alongside a world-class management team, we believe our long-term cooperation views and global perspectives align well with the further growth and development of a leading foundational construction machinery platform.