The story appears on

Page A9

November 24, 2016

GET this page in PDF

Free for subscribers

View shopping cart

Related News

HomeBusinessFinance

Cotton SOE merged with Sinograin

CHINA’S state-asset watchdog said yesterday that China National Cotton Reserves Corp will no longer be under its supervision and be merged with another state-owned company.

The state cotton reserve manager will become a wholly owned subsidiary of China Grain Reserves Corp, also known as Sinograin, the State-owned Assets Supervision and Administration Commission said in a statement.

“China National Cotton Reserves Corp will no longer be under the direct supervision of SASAC,” the statement said.

The merger is part of the reorganization of state-owned companies to cut costs, boost efficiency and make them more competitive.


 

Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.

娌叕缃戝畨澶 31010602000204鍙

Email this to your friend