BEIJING, May 13 (Xinhua) -- A number of China's state-owned enterprises (SOE) have recently listed their real estate subsidiaries on the exchanges to transfer the companies' equities, according to statistics released by Beijing Equity Exchange and Shanghai United Assets and Equity Exchange (UAE).
Most of these real estate companies are medium-sized enterprises with poor operating condition, and are scattered in the third and fourth-tier cities. These SOEs are generally not enterprises with their main business focusing on real estate.
The move of these SOEs mainly aims at dealing with inefficient loss-making assets so as to concentrate on their main businesses, said expert.
(Edited by Bao Nuomin, baonuomin@xinhua.org)
A single purchase
