SIHL SETS OUT INTEGRATION OF SUBSIDIARY'S BUSINESS
AsiaInfo Services, March, 2006
AsiaInfo Services 03-31-2006 SIHL Sets out Integration of Subsidiary's Business SHANGHAI, Mar 31, 2006 (SinoCast via COMTEX) -- Shanghai Industrial Holdings Ltd. (SIHL), a diversified business operator under Shanghai Industrial Investment (Holdings) Co., Ltd. (SIIC), a large overseas-incorporated conglomerate established by Shanghai government, plans to gradually transfer its indirectly-controlled profitable medicine operation, Chiatai Qingchunbao Pharmaceutical Co., Ltd.
to one of its subsidiaries, Shanghai Industrial United Holdings Co., Ltd. (SI United). SIHL now indirectly controls 55% of shares in Qingchunbao, which is likely to be sold to or invested in SI United, a Chinese mainland-listed company leading in Chinese and western medicine, biomedicine and...
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