April 22, 2018 1:32 AM ET

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Company Overview of GE (China) Co. Ltd.

Company Overview

GE (China) Co. Ltd. provides currency management, marketing, purchasing, and after sales support services to GE's branches, joint ventures, and affiliates. Its other activities include providing logistics support and advice at government level; supporting management training programs with Chinese customers, partners, and government leaders; and developing market and business resources. GE (China) Co. Ltd. has a strategic cooperation framework with Honghua Group Limited. The company was founded in 1994 and is based in Beijing, China. GE (China) Co. Ltd. operates as a subsidiary of GE Holdings Luxembourg & Co. SARL.

Suite B1

6th Floor, Han Wei Building

7 Guang Hua Road

Zhao Yang DC

Beijing,  100001

China

Founded in 1994

Phone:

86 10 6561 1166

Fax:

86 10 6561 1168

Key Executives for GE (China) Co. Ltd.

Chief Executive Officer and President
Age: 46
Compensation as of Fiscal Year 2017.

GE (China) Co. Ltd. Key Developments

GE (China) Co. Ltd. Presents at 2017 FORTUNE Global Forum, Dec-07-2017 03:15 PM

GE (China) Co. Ltd. Presents at 2017 FORTUNE Global Forum, Dec-07-2017 03:15 PM. Venue: Shangri-La Hotel Guangzhou, 1 Huizan E Rd., Haizhu Qu, Guangzhou, Guangdong Province, China. Speakers: Rachel Duan, Chief Executive Officer and President.

Harbin Electric Company Limited Enters into the Joint Venture Enterprise Agreement with General Electric (China) Co., Ltd

The board announced that on March 14, 2017, Harbin Electric Company Limited entered into the joint venture enterprise agreement with General Electric (China) Co. Ltd. (GE China), accordingly, it was agreed that General Harbin Electric (Qinhuangdao) Gas Turbine Co. Ltd. be established in Qinhuangdao, Hebei, the PRC, where it will be managed and operated pursuant to the terms of the JV Agreement. The registered capital of the JV Company is RMB 667,000,000 equivalent to approximately HKD 750,000,000, with the company and GE China each to contribute RMB 333,500,000 equivalent to approximately HKD 375,000,000 and be entitled to 50% of the registered capital of the JV Company. The primary reason for the formation of the JV Company by the Company and GE China is to extend greater economic collaboration and to seek the in-depth strategic cooperation in the field of power generation utilizing combined-cycle gas-turbine technology, and to establish the JV Company into a highly competitive gas turbine manufacturer in the PRC as well as overseas markets. The company and GE China will each contribute capital (in cash) amounting to RMB 333,500,000 to the registered capital and will each be entitled to 50% of such registered capital of the JV Company. Business of the JV Company is Manufacturing of gas turbines and related components and spare parts, sale of original products; export, import, wholesale of and acting as commissions agent (other than in auctions) for such gas turbines and related components and parts, and the provision of technical support. Operation of the JV Company is for a term of 15 years, beginning from the date of the JV Company's establishment until the date falling 15 years after its date of establishment. Unless the JV Company is terminated or dissolved earlier in accordance with relevant provisions of the JV Agreement, the Company and GE China should hold discussion and negotiate in goodwil concerning the continued development of the JV Company prior to the expiration of the joint venture period or any extension thereof. The joint venture period may be extended by mutual agreement between the JV Parties.

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