Jiangxi Salt Industry Group Corp., a state-owned salt producer in eastern China's Jiangxi province, on Wednesday signed agreements with four companies on share capital increase in a bid to advance mixed-ownership reforms, according to a report by local newspaper Jiangxi Daily.
The four investors include Xiamen International Trade Group Corp., Ltd. (600755.SH), China Cinda Asset Management Co., Ltd., an investment joint venture between China Merchants Group and China Xinjian Group, and a subsidiary of BAIC Motor.
But the report did not disclose more details about the agreements.
Mixed ownership allows non-state capital to invest in state-owned sectors while the state holds the controlling stakes, to increase the competitiveness and influence of state assets.
Latest comments