Seven SOEs Submit Restructuring Plans

11:34:44 PM | 8/8/2012

The Ministry of Finance has said seven State-run corporations and groups have submitted their restructuring plans as requested by the Government.

Other 40 SOEs are now collecting comments for their draft restructuring plans and 15 are drafting.

All these plans must cover ways to withdraw capital from non-core business lines to secure State’s capital.

The withdrawal must be completed before 2015.

VGP

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