State Grid Corporation of China
Recent events
Recent events tied to this brand in public sources.
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2020
Alibaba and State Grid participate in forming China Broadcasting Network
Announcements by several broadcasting companies said that 47 founders would jointly establish China Broadcasting Network. Hangzhou Alibaba Venture Capital Management and State Grid Information & Communication Group each committed 10 billion yuan and a 9.8813% stake.
2020
State Grid announces transfer of Luneng Group equity to China Green Development
Luneng Group announced that State Grid's 100% equity in Luneng Group (Ducheng Weiye Group) would be transferred to China Green Development Investment Group, as part of state-owned enterprise reform. The transfer was described as a planned action.
2020
GAC NE agrees charging-service cooperation with State Grid and China Southern Power Grid
GAC NE said it agreed with State Grid and China Southern Power Grid to cooperate on plug-and-play charging services and preferential charging policies in China.
2020
State Grid Launches the “电e金服” Online Industrial Chain Finance Platform
State Grid launched the online industrial chain finance platform “电e金服.” Nearly 50 financial products were available on the platform at launch, mainly meeting needs for financing, insurance protection, and asset management across the entire industrial chain.
2020
State Grid announces plan to exit traditional manufacturing and real estate businesses
A State Grid inspection-rectification report published on March 22, 2020, said the company had resolved to exit traditional manufacturing and real estate businesses; the article says the detailed real-estate exit and asset scope remained unclear.
2020
State Grid announces planned exit from real estate
State Grid said it would withdraw from its traditional manufacturing and real estate businesses as part of its stated focus on its core power-grid business.
2019
State Grid acquires 49% stake in Oman Electricity Transmission Company
Nama said it had sold its 49% stake in Oman Electricity Transmission Company (OETC) to State Grid for about $1 billion.
2019
State Grid agrees to acquire 49% of Nama Holding
State Grid Corporation of China signed an agreement with Oman’s Electricity Holding Company (Nama Holding) to acquire 49 percent of Nama Holding’s shares.
2019
State Grid agrees to acquire Chilquinta Group
State Grid signed an equity purchase agreement with Sempra Energy to acquire Sempra Energy's 100% stake in Chile's Chilquinta Group. The acquisition remains subject to relevant approval procedures before closing.