Hengtong Optic-Electric Affiliates Co-found Jiangsu Hengtong Panda Marine Technology with 2000 Ten-Thousand

Jiangsu Hengtong Panda Marine Technology Co. , Ltd. was recently established, with Qian Zhikang as its legal representative and a registered capital of 2000 ten-thousands of yuan (RMB 20 million). Business registration information shows that the company's scope of operations covers marine engineering equipment manufacturing, deep-sea oil drilling equipment manufacturing, wire and cable operations, and sales of offshore wind power related equipment. In terms of shareholding structure, the company is jointly held by Jiangsu Hengtong High-Voltage Submarine Cable Co. , a subsidiary of Hengtong Optic-Electric, and other parties.