Financials, Technology Sep 14, 2021 05:02 PM (GMT+8) · EqualOcean
Financial Associated Press, September 14 - China XD announced that it had received a notice from the controlling shareholder China XD Group Co., Ltd. and approved the reorganization and integration of some subsidiaries of China XD Group and State Grid Co., Ltd. after being studied by the state owned assets supervision and Administration Commission of the State Council and reported to the State Council for approval, The state owned assets supervision and Administration Commission of the State Council shall perform the duties of investor on behalf of the State Council, and XJ Group Co., Ltd., PingGao Group Co., Ltd., affiliated to China West Power Group and State Grid Co., Ltd The equity of Jiangsu NARI hengchi Electrical Equipment Co., Ltd., Jiangsu NARI taishida Electric Co., Ltd. and Chongqing Nari Borui Transformer Co., Ltd. held by Shandong Electric Group Co., Ltd. and State Grid Electric Power Research Institute Co., Ltd. affiliated to the State Grid are transferred to the new company as a whole. After the reorganization and integration, the controlling shareholder and actual controller of the company have not changed.
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