# China Electric Equipment to become direct controlling shareholder of Pinggao Electric via share transfer

Pinggao Electric announced that its controlling shareholder Pinggao Group plans to transfer its shares to China Electric Equipment free of charge. After completion, China Electric Equipment will become the direct controlling shareholder, while the actual controller remains the State-owned Assets Supervision and Administration Commission of the State Council.

- Type: Acquisition
- Announced: 2022-10-31
- Where: China
- Status: announced
- Products: electrical equipment
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Pinggao Electric](https://endata.com/companies/15879.md) (target)
- [Pinggao Group Company Limited](https://endata.com/companies/32851.md) (partner)
- [China Electric Equipment](https://endata.com/companies/66253.md) (acquirer)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/819785.html), 2022-10-31: "中国电气装备正在筹划将平高集团持有的公司股份无偿划转至中国电气装备。"

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