# Pinggao Group and China XD Group plan strategic restructuring

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.

- Type: Acquisition
- Announced: 2020-12-23
- Where: China
- Status: announced
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Pinggao Group Company Limited](https://endata.com/companies/32851.md)
- [China XD Group](https://endata.com/companies/52100.md) (partner)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/383240.html), 2020-12-23: "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。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.