On May 28, a new company, Xinyin Shengyao No.1 (Shanghai) Equipment Leasing Co., Ltd., was established, as indicated by Tianyancha App. The legal representative is Wu Yiming, with a registered capital of 100,000 RMB. Its business scope includes finance leasing companies establishing project companies within domestic bonded areas to conduct finance leasing business. According to shareholder information, the company is wholly owned by CITIC Financial Leasing Co., Ltd., a subsidiary of China Citic Bank Corporation Limited (601998).
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