Subsidiaries owned by China XD Group and State Grid Corp of China reorganize


Source: chinadaily.com.cn chinadaily.com.cn

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Two State Grid technicians check power transmission facilities in Chuzhou, Anhui province. [Photo by Song Weixing/For China Daily] The State Council approved the reorganization and integration of a number of subsidiaries owned by Xi'an-based China XD Group Corp and Beijing-headquartered State Grid Corp of China - two centrally-administered State-owned enterprises, China XD Electric Co Ltd, a subsidiary of China XD Group Corp and a Shanghai Stock Exchange-listed company announced in a notice on late Tuesday. The new company will become a new State-owned group under the supervision of the State-owned Assets Supervision and Administration Commission of the State Council. The...