China to form new China Power Equipment Group from four state-owned companies

The State Council approved the combination of China Xidian Group, Xuji Group, Pinggao Group and Shaanxi Baoguang Vacuum Electronic Apparatus to establish a new central government-owned enterprise, China Power Equipment Group. The new company will be registered in Xiong'an and headquartered in Shanghai.

“the State Council approved their combination to establish a new power equipment company”caixinglobal.com

• 1 source
• caixinglobal.comChina to Form New China Power Equipment Group - Caixin GlobalChen Xuewan, Zhao Xuan, Denise JiaSep 15, 2021

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