More firms picked
18/5/2005 17:13
China may pick another eight to 10 listed firms in mid-June to participate in
the trial disposal of state holdings, the Oriental Morning Post reported
yesterday, citing a source close to the nation's state-asset regulator. The
to-be-launched list is likely to include one or two enterprises directly owned
by the central government, the paper said. China Petroleum & Chemical Corp
and its sponsor China International Capital Corp are currently drawing up
proposals to sell non-tradable state shares to retail investors, the report
said.
Shanghai Daily/Agencies
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