Shenergy Group Finance Company Limited
Shenneng Group Finance Co., Ltd
In July 2007, Shenneng Group Finance Co., Ltd. was officially opened with the approval of China Banking Regulatory Commission. The company is jointly funded by Shenneng (Group) Co., Ltd., Shenneng Co., Ltd. and Fortis Bank of Belgium. It is the first Sino foreign joint venture financial company in Shanghai. The registered capital of the financial company is RMB 500 million (including the equivalent of RMB 50 million in Euro), of which Shenneng group contributed 325 million yuan, accounting for 65%; Shenneng shares contributed 125 million yuan, accounting for 25%; Fortis Bank contributed 50 million yuan in Euro, accounting for 10%.
Shenergy Group Finance Company Limited
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