A subsidiary of Shanghai Electric Group Company Limited (601727) (2727), the Shanghai Electric Wind Power Group (688660) saw its first-day trading to close at RMB 11.75, up 115.99%. The IPO was priced at RMB 5.44 per share, and has some 40% of total outstanding shares offer to the market.
Shanghai Electric Powers Trial Operations for China s First Digital Rail-guided Tram
SHANGHAI, February, 1. /PRNewswire/. Trial operations officially commenced for the Shanghai Pilot Free Trade Zone T1 Demonstration Line in the Lin-gang New Area. As one of the companies involved in the construction of the T1 Demonstration Line, Shanghai Electric Automation Group, a member of Shanghai Electric Group Company Limited, developed China s first intelligent digital-rail transport system ( iDRT ) for the digital rail-guided rubber-tired tram ( DRT ) used on the line. Shanghai Electric supplied the digital track, operation management system, network communications system, communications backbone, intelligent platform system and control center for the demonstration line; as well as managing the supply, installation and other services related to electromechanical systems.