State Grid to merge units with XD Group to form electrical equipment giant

Three unlisted units of State Grid (Xuji Group, Ping Gao Group, Shandong Electrical Engineering and Equipment Group) will merge with China XD Group to create an electrical equipment company with combined assets over CNY 100 billion.

“The establishment of the new power equipment group is another step State Grid takes forward to separate its main business from other businesses.”yicaiglobal.com

• 1 source
• yicaiglobal.comState Grid to Merge Units With XD Group to Create Chinese Electrical Gear GiantLiao ShuminSep 15, 2021

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