(Reuters) - Sinotrans is joining several other state-run firms,
including the country's biggest car maker, SAIC, in shifting its
centre of gravity to listed units, via asset transfers, to
improve corporate governance and secure fund-raising channels.
The group is preparing to inject key operating assets into
its 57.9 percent-owned Hong Kong unit Sinotrans Ltd.
before 2009, but will not delist its domestic freight forwarding
unit Sinotrans Air Transportation Development Co. ,
Tao Suyun told Reuters on the sidelines of an industry forum.
Read more at Reuters.com Mergers News
including the country's biggest car maker, SAIC, in shifting its
centre of gravity to listed units, via asset transfers, to
improve corporate governance and secure fund-raising channels.
The group is preparing to inject key operating assets into
its 57.9 percent-owned Hong Kong unit Sinotrans Ltd.
before 2009, but will not delist its domestic freight forwarding
unit Sinotrans Air Transportation Development Co. ,
Tao Suyun told Reuters on the sidelines of an industry forum.
Read more at Reuters.com Mergers News
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