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The company was originally “Shanghai Lingqiao Water Supply Co., Ltd.”. It was a limited company established by means of social fundraising with the approval of Shanghai Construction Commission Document No. 432 (92) on May 19, 1992. The company's shares were listed and traded on the Shanghai Stock Exchange on February 24, 1994. The company is mainly engaged in public transportation operation and maintenance management business, new energy related business, financial leasing and commercial factoring business.