CHINA-ECONOMY: SHIPBUILDING COMPANY SEEKS CAPITAL INFUSION FROM ABROAD
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China Merchants Industry Holdings Co. Ltd. (CMIH), a wholly owned subsidiary of China Merchants Group, initiated a mixed-ownership reform, a campaign promoted by Beijing to diversify shareholding structures of major state-owned enterprises. The company will ultimately seek a public listing, sources from CMIH said. Caixin (October 18) assessed the move as to better cope with the toughening market environment.
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