Date
13 December 2017

Shanghai Huayi to list core assets in 3-5 years, paper says

Shanghai Huayi (Group) Co. is planning to list its core assets in three to five years, China Securities Journal reported Wednesday, citing an unnamed person with knowledge of the matter. The company, which is engaged in diverse businesses from coal production to chemical manufacturing, has submitted a restructuring plan to the Shanghai State-owned Assets Supervision and Administration Commission. The commission plans to foster two to three globally competitive companies from an ongoing reform of state enterprises, chairman Liu Xunfeng was quoted as sayng.

– Contact HKEJ at [email protected]

TL/AC/RA

 

EJI Weekly Newsletter

Please click here to unsubscribe