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Liugong Machinery Co., Ltd. enters leasing market in all-round way
Date:2020-05-19 By:Simin Wei Source:Liuzhou Daily

Recently, Liugong Machinery Co., Ltd. and American Herc Holding Co., Ltd. have jointly announced that the two sides have completed the delivery of the equity transfer of Hertz Equipment Rental Co., Ltd. (hereinafter referred to as "Hertz China"), which officially becomes a wholly-owned subsidiary of Liugong. The successful acquisition of Hertz China marks Liugong's full entry into the leasing market and steady improvement of its service strength in the operating leasing market and second-hand machinery, as well as promotes the further transformation and upgrading of Liuzhou's engineering machinery industry.

Huang Haibo, president of Liugong, said that leasing market will become an important one for China's engineering machinery industry, adding that the acquisition of Hertz equipment leasing business in China will bring business model and advanced concept of the world's leading equipment rental company, as well as an experienced management team to the engineering machinery industry of Liuzhou. In the future, we will continue to work hard to achieve the goal of being a leading force in China’s leasing market and an important player in global leasing market.

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