China National Electric Apparatus Research Institute Co., Ltd. announced that it will receive CNY 142,148,500 on May 18, 2017.The transaction includes the participation of Zhejiang Chint Electrics Co., Ltd. (SHSE:601877) of CNY 38,995,000 for 11% of the total registered capital. The transaction has approved at the 11th session of the 7th directorate meeting.

The company reported Total assets of CNY 1,754,837,238.04, Revenue of CNY 365,426,063.24 and Net profit of CNY 132,858,204.87 as on September 30, 2016.