Shandong Molorn and others established a new international trading company.

According to the Qichacha app, Shanghai Molongbi Cheng International Trade Co., Ltd. was recently established with a registered capital of 10 million RMB. Its business scope includes manufacturing of gears and gearboxes, specialized equipment for oil drilling, sales of specialized equipment for oil drilling, and research and development of valves and rotary plugs. Shareholding penetration data from Qichacha shows that the company is jointly held by Shandong Molong and others.