 2013-11-12 |
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Central News Agency
Reporter: Wei Shu
The board of directors of YC (4306) has resolved to sell its packaging materials business to its subsidiary, Xinzhou Global, for no less than 396 million yuan. This move aims to reorganize the company structure and enhance management efficiency.
On November 11, YC's board decided to transfer its packaging materials division to Xinzhou Global at a minimum price of 396 million yuan. The objective is to streamline organizational structure within the group, reduce operational costs, and improve overall management efficiency.
YC has been operating in the packaging materials distribution business for over 30 years, boasting one of the most sophisticated wholesale logistics systems in Taiwan. In recent years, YC has been focusing on upstream raw material production. To further refine its industry focus and achieve more comprehensive vertical integration, the company has decided to sell its longstanding packaging materials business to Xinzhou Global. This strategy is expected to leverage integration synergies, expand the scale of the packaging business, and enhance operational competitiveness. |
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