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Pinggao Electric's controlling shareholder Pinggao Group announced it is planning a strategic restructuring with China XD Group. The plan is not yet finalized and requires regulatory approval.
“平高集团正在与中国西电集团有限公司筹划战略性重组,有关方案尚未确定,方案亦需获得相关主管部门批准。”beta.zhitongcaijing.com
Summarized from public sources; check the original articles before acting on it.