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On October 12nd, 2013, Sundiro signed “investment agreement” with Massimo Perotti on the capital increase of Sanlorenzo S.p.A (“SL”). It also signed the “joint venture contract” with SL on the establishment of Sundiro-Sanlorenzo Yacht International Srl.

 

Sundiro will invest at least €20 million to SL which consists of 22.99% of the shareholding rate. Besides, two joint ventures will be established in China and Italy. The former one deals with the producing and sales of the yacht while the latter focuses on the sales except for the Greater China Region.
 

Originated from motorcycle manufacturing, Sundiro has extended a path from product import to independent research and development to international joint venture. By adopting advanced management methods form world renowned enterprises, Sundiro cultivated a learning team and the company itself is of international competitiveness.

 

In recent years, Sundiro keeps seeking opportunities for oversea investment. After the establishment of AVICADE Aviation Manufacturing 

Company, the cooperation with SL matches the strategic goal of corporate development:

 

1. Yacht industry well fits Sundiro’s manufacturing background and is beneficial to show our advantages.

2. To keep its European orthodox, Sundiro does not pursue absolute shareholding so that the high-end customized yacht character can be highlighted.

3. After the establishment of two manufacturing bases in Italy and China, the former one will focus on producing super yachts that scale 66 feet above while the latter one focus on medium and small sized yachts below 66 feet.

4. The strong combination of Sundiro’s knowledge for Chinese market and sophisticated system in manufacturing and SL’s designing and developing capacity. We can produce better products and provide better services.

 

Through the investment, Sundiro will gradually establish a new pattern that covers land, air and sea, keeping its paces to high-end manufacturing.


 

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