Additional 13 firms joined share reform at SSE

News from Shanghai Stock Exchange on October 23 says that another 13 listed companies have officially launched the state share reform. These 13 companies are Baiyun Airport, Huafang Textile, Chongqing Gangjiu, Shuguang Corporation, Ningbo Yunsheng, Sanyou Chemical, COSCO Shipping, Baili Electric, Jinxi Axle, Jinfeng Investment, Feile Corporation, Haibo Corporation and Shanghai Material Tradeing.

The list continue to be characterized by high proportion of state-holding firms - ten of the thirteen companies are state-holding, among which COSCO Shipping and Jinxi Axle are central enterprises (large state-owned company) while the other three are private-holding firms. State-owned firms account for 76.92 percent.

By People's Daily Online