XJ Electric Subsidiary Changes Name to Beijing Panzhi Electric; Shares Up 4%

MT Newswires Live

2024/12/03

Electrical equipment manufacturer XJ Electric (SHE:000400) said its subsidiary, XJ International Electric Development Beijing, changed its name to Beijing Panzhi Electric, according to a Tuesday filing with the Shanghai bourse.

The name change comes with a change in business scope, which includes the manufacturing of transformers, rectifiers and inductors, switch control equipment, and intelligent instruments and meters.

Shares of XJ Electric rose nearly 4% in recent trade.

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