What is the relationship between TBEA and Xinjiang Zhonghe?

TBEA is the controlling shareholder of Xinjiang Zhonghe.

TBEA, full name TBEA Co., Ltd., was established in 1993. Is a leading energy equipment manufacturer and energy service provider in China, mainly engaged in the research and development, manufacturing and sales of power transmission and transformation equipment, new energy and new materials.

Xinjiang Zhonghe, the full name of Xinjiang Zhonghe Co., Ltd., was established in 1996. Is a leading manufacturer of aluminum electronic materials in China, mainly engaged in research and development, manufacturing and sales of aluminum electronic materials, high-purity aluminum, electronic aluminum foil, aluminum alloy and aluminum products.

The relationship between TBEA and Xinjiang Zhonghe can be traced back to 2003. At that time, TBEA acquired Xinjiang Zhonghe shares held by Xinjiang Uygur Autonomous Region State-owned Assets Investment Management Co., Ltd. and became the controlling shareholder of Xinjiang Zhonghe. Since then, TBEA has been holding shares in Xinjiang Zhonghe and has played an important role in the development of Xinjiang Zhonghe.

There are still daily related transactions between TBEA and Xinjiang Zhonghe. According to the announcement of TBEA, TBEA has daily related transactions with Xinjiang Zhonghe, including accepting financial services such as deposits, loans, acceptance and discount of commercial bills, settlement, finance and financing consultancy provided by finance companies, which is conducive to the resource integration and coordinated development of TBEA and Xinjiang Zhonghe.

If you need to know more about the relationship between TBEA and Xinjiang Zhonghe? Information, I suggest you go to the enterprise to find out-check the enterprise for free. "