ERG technology established one wholly owned subsidiary company — Taizhou ERG Imp. & Exp. Co., Ltd.
- Securitizing assets to raise public degree and internationalization is a committed development strategy of ERG company. The successful list on China Neeq symbolizes a exciting beginning of securitizing
of ERG company. After a deliberate research about present status of electricity and resource industries, it is necessary to set up a son company focusing on import and export.The project will not only improve management indexes of business expansion, profit earning capacity and cash flow, but also benefit training a high quality sales team. Such progresses will actively promote internationalization of ERG company.
Basing on the consideration mentioned above and according to “Articles of ERG” and “Investment Administration Rules of ERG”, Mr. Li Xiantai, ERG president, approved one plan on June 16 of founding
a wholly owned subsidiary foreign trade company with RMB1,080,000 investment. The new company had been named by“Taizhou ERG Imp. & Exp. Co., Ltd.”and obtained commercial license on June 29. It will start business around in 2 months(July and August) after getting some necessary qualification certificates .