 2013-11-12 |
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Economic Times
Reporter: Wang Kexin
YC (4306) has decided to sell its packaging business division to its subsidiary, Xinzhou Global (3171), for no less than 396 million yuan. This decision, made by the board of directors on November 12, aims to reorganize the group's internal structure, reduce operational costs, and improve overall management efficiency.
YC has been involved in the packaging distribution business for over 30 years and operates one of the most sophisticated packaging wholesale logistics systems in Taiwan. In recent years, the company has been focusing on upstream raw material production. To better concentrate on its core business and achieve more comprehensive vertical integration, YC has decided to sell its long-standing packaging business to Xinzhou Global. This move is expected to leverage integration synergies, expand the scale of the packaging business, and enhance operational competitiveness. |
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