 2013-11-11 |
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Economic Daily News
Reporter: Zhou Yilong
On November 11, YC’s board of directors decided to sell its packaging business division to its subsidiary, Xinzhou Global, for no less than 396 million yuan. This move aims to streamline the group’s organizational structure, reduce operating costs, and improve overall management efficiency.
At a press conference held at the Taiwan Stock Exchange on November 11, YC stated that it has been engaged in the packaging business for over 30 years, with the most sophisticated packaging wholesale logistics system in Taiwan. In recent years, YC has been focusing on upstream raw material production. To further enhance vertical integration and industry focus, YC decided to sell its long-established packaging business to Xinzhou Global. The goal is to realize integration synergies, expand the overall packaging business scale, and enhance operational competitiveness. |
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