---
title: "NXZ's subsidiary Guilin Haiwei has resumed participation in procurement activities"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/227858403.md"
description: "According to the Zhitong Finance APP, NXZ announced that, as per a previous announcement, the company's controlling subsidiary Guilin Haiwei Marine Electric Co., Ltd. (referred to as \"Guilin Haiwei\") will be suspended from participating in procurement activities by relevant authorities from January 27, 2024, to October 26, 2024. Recently, Guilin Haiwei received a notification clarifying that it will resume qualifications and be able to participate in relevant procurement activities starting from January 23, 2025"
datetime: "2025-02-11T08:50:04.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/227858403.md)
  - [en](https://longbridge.com/en/news/227858403.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/227858403.md)
generator: "portal-rs"
---

# NXZ's subsidiary Guilin Haiwei has resumed participation in procurement activities

According to the announcement from Zhitong Finance APP, Baota Industrial (000595.SZ) announced that its controlling subsidiary Guilin Haiwei Marine Electric Co., Ltd. (referred to as "Guilin Haiwei") will be suspended from participating in procurement activities by relevant departments from January 27, 2024, to October 26, 2024.

Recently, Guilin Haiwei received a notification clarifying that it will resume its qualifications and can participate in relevant procurement activities starting from January 23, 2025

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**