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Shanghai Aerospace Automobile Electromechanical Co Ltd to Set up Joint Venture


Sunday, 17 Feb 2013 07:00pm EST 

Shanghai Aerospace Automobile Electromechanical Co Ltd announced that it will invest RMB 22.50 million to set up a joint venture in Shanghai with a Shanghai-based digital investment company, with each to hold a 15% stake and a 85% stake. The joint venture will be with a registered capital of RMB 350 million and be engaged in the domestic photovoltaic power plants and other new energy project development, investment, construction and operation and management, as well as the production and sale of electrical energy. 

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