Tiandi Science and Technology made a public announcement stating its intention to invest a staggering 3.545 billion yuan for the establishment of a holding subsidiary. This new entity, named China Coal Technology and Engineering Group (Xi'an) Intelligent Complete Equipment Technology Co., Ltd., will be based in Xi'an, Shaanxi Province. The subsidiary is slated to have a registered capital of 2 billion yuan. In terms of shareholding, Tiandi Science and Technology will hold a dominant 60% stake, while the remaining four subsidiaries will each have a 10% stake. The newly formed subsidiary is set to channel its investments into the construction of the 'Research and Development Center Project for Major Intelligent Complete Equipment in Coal Mines.' This ambitious project is anticipated to kick off in April 2026 and is projected to span 18 months. The overarching goal of this initiative is to elevate the comprehensive and intelligent capabilities of the company's equipment. This, in turn, is expected to pave the way for the export of coal mining machinery equipment and facilitate the company's foray into overseas markets.
