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Is Changzhou Borui Power State-owned?
Changzhou Borui Electric Power is a state-owned enterprise. Changzhou Borui is a wholly-owned subsidiary of Nanjing Nanrui Jibao Electric Co., Ltd. (100% holding), while Nanjing Nanrui is a subsidiary of Guodian Nanrui, which is one of the listed companies under the State Grid. Therefore, Changzhou Borui is actually the ultimate controlling shareholder of State Grid.
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