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Shanghai Aerospace Automobile Electromechanical Co Ltd to Sell 100% Stake in Subsidiary


Monday, 6 May 2013 08:00pm EDT 

Shanghai Aerospace Automobile Electromechanical Co Ltd announced that it has decided to sell a 100% stake in a subsidiary, which is engaged in development, investment, construction and operation of solar photovoltaic power station project, production and sales of electricity, operation of photovoltaic power station, photovoltaic power related technology consulting and services, as well as purchase of photovoltaic power equipments. This subsidiary will be sold at the price of no less than RMB 250 million. 

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