Shanghai Mechanical and Electrical establishes Huiliang Mechanical and Electrical Development Company.

According to the QiChaCha APP, Shanghai Huilian Electromechanical Development Co., Ltd. was recently established with Chen Ming as the legal representative. The registered capital is 300 million yuan, and the business scope includes sales of mechanical equipment, sales of electronic products, investment activities using own funds, technical services, technical development, technical consultation, technical exchange, technology transfer, and technology promotion. The equity penetration of QiChaCha shows that the company is fully owned by Shanghai Electromechanical.