China National Salt Industry Group (CNSIG), the leading and the only state-owned enterprise of China's salt industry, signed a capital increase project on September 19 at China Beijing Equity Exchange. Through the project, CNSIG would introduce 13 investors with a total investment of 3.06 billion yuan.
The 13 investors were mainly salt industry enterprises, cross-industry enterprises and strategic financial investors. They would help CNSIG improve business and provide model reference and financial support for the group, according to Li Yaoqiang, chairman of CNSIG.
The capital increase during the mixed-ownership reform of CNSIG played an important role in making the group become a world-class salt enterprise with international competitiveness. It's also significant in leading the structural reform on the supply side of China's salt industry and promoting the upgrading of the value chain of the salt industry, according to insiders.
(edited by Su Dan, Source: official website of CNSIG)
A single purchase
