17 February 2020

Ministry backs CEC restructuring, paper says

The Ministry of Industry and Information Technology supports the asset restructuring of China Electronics Corporation (CEC), the country’s largest electronics conglomerate with 12 subsidiaries listed on the A-share market, the China Securities Journal reported Monday, citing MIIT Minister Miao Wei {苗圩}. Under the plan, CEC Huada Electronics Design Co. Ltd. and Shanghai Huahong Integrated Circuit Co. Ltd. will be listed on the Shanghai Stock Exchange, sources close to CEC were quoted as saying.

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