The State power grid completes the purchase case of Xu Relay

Through the extension of the group, the State Grid wholly-owned subsidiary of China Electric Science Institute holds 60% of the group, Ping An trust holds the remaining 40% shares "Caixin net" (reporter Yang Yue 2nd from Beijing) Xu Ji group completed the expansion of shares, the State Grid wholly-owned subsidiary of China Electric Science Institute eventually become a Xu relay (000400.　　SZ) the actual control person. On the evening of June 1, Xu Relay issued a notice said that after the completion of the change, the Chinese Electric Academy holds 60% shares in the group, the original holding shareholder Ping An trust holding 40% shares.　　The above business change registration process was completed on May 28.　　Xu-ji group is the production of China's power system automation equipment, relay protection and transmission equipment, an established enterprise, 2008 to achieve sales revenue of 5.02 billion yuan. February 11, the state grid to the Xu-group, Ping Gao Group's acquisition was approved by SASAC, causing market controversy, that this violates the power reform "primary and secondary separation" of the original intention, that the state grid should be stripped of all the non-grid assets, including the power design, equipment manufacturing, power construction and other work of the level two units, As well as the non-grid assets drawn from local power companies, such as the two electric institutes and the national network of communication. China Machinery Industry Federation has said publicly that the national power grid set standards, equipment manufacturing, tendering and procurement of multiple roles, not conducive to fair and impartial competition mechanism, but also not conducive to the overall competitiveness of China's electrical industry to upgrade.　　But these market disputes eventually failed to block the state Grid's takeover process. June 2, Xu Relay electric opened 33.35 Yuan, as of 10:52, reported 34.13 Yuan, up 3.13%.