TAG: equitization

Unlisted state-run firms asked to list on UPCoM 3 months before IPO

The Ministry of Finance has issued a circular asking any state-owned enterprises (SOEs) wanting to launch an initial public offering (IPO) to list on Unlisted Public Company Market (UPCoM) at least 90 days before the listing

Massive divestment from SOEs via equitization coming soon: Govn’t

But the equitization will only be carried out at the most favorable time so that the state can recover as much capital as possible, said a senior state official

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