Number of central SOEs nearing 100
By Zheng Xin | China Daily | Updated: 2017-03-22 07:34
Sinolight, Poly agree to merge, signal boost to efficiency
China moved one step closer to reducing the number of centrally administered State-owned enterprises to 100, after Sinolight Corp agreed to merge with China Poly Group Corp.
China Haisum Engineering Co Ltd, a listed arm of Sinolight, said in a regulatory filing that the latter had signed a restructuring framework agreement with property group China Poly.
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