Hewang Electric Establishes Xinjiang Subsidiary with RMB 20 Million Capital
Hewang Electric has formed Hewang Electric (Xinjiang) Co. , Ltd. , with Yang Xiang as legal representative and registered capital of RMB 20 million (2000 wan yuan). Business registration records show the new unit covers sales of electrical equipment, electrical accessories, mechanical and electrical equipment, and wind farm-related equipment, as well as research and development of wind farm-related systems. The subsidiary is jointly held by Shenzhen Hewang Technology Co. , a wholly-owned subsidiary of Hewang Electric, together with other shareholders.
Hewang Electric (Xinjiang) Co. , Ltd. has been recently incorporated, with Yang Xiang serving as legal representative and registered capital of RMB 20 million (2000 wan yuan). Business registration records indicate that the company's scope of operations includes sales of electrical equipment, electrical accessory sales, mechanical and electrical equipment sales, wind farm-related equipment sales, and research and development of wind farm-related systems.
In terms of shareholding structure, the company is jointly held by Shenzhen Hewang Technology Co. , a wholly-owned subsidiary of Hewang Electric, along with other shareholders.
Why this event matters
The event has a measured impact on 1 industry. The strongest current signal is neutral for Wind & Solar Equipment, with intensity 20/100 and 60% confidence over a short term horizon.
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