 2013-11-11 |
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Economic Daily News
Reporter: Zhou Yilang / Taipei
On November 11, the board of directors of YC (4306) decided to sell its packaging business division to its subsidiary, Xinzhou Global, for no less than 396 million yuan. The goal is to reorganize the group’s internal structure, reduce operational costs, and enhance overall management efficiency.
At a press conference held on the same day at the stock exchange, YC announced that it has been operating its packaging business for over 30 years and has the most comprehensive packaging wholesale logistics system in Taiwan. In recent years, YC has been focusing on upstream raw material production. To gradually focus on its core industry and achieve more complete vertical integration within the group, YC has decided to transfer its long-established packaging business to Xinzhou Global. This move aims to leverage integration synergies, expand the overall packaging business scale, and improve operational competitiveness. |
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