 2015-11-04 |
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YC Group headquarters was completed on November 4, marking the beginning of a new phase for its three publicly listed companies: Achem, YC, and Shin Kong Global. Over the past year, YC Group has undergone internal organizational integration to maximize horizontal efficiencies, resulting in a clearer positioning for these three companies. Achem and Shin Kong Global have also transitioned leadership to professional managers. The structural adjustments made this year are expected to yield benefits next year, with the company's operations likely to first dip before a strong rebound.
YC Group President Lin Zhixian stepped down as Chairman of Achem and Shin Kong Global this year, retaining only the role of Chairman of YC. He mentioned that this would allow him more time to focus on the group's sustainable development rather than being tied up with paperwork all day. The completion of the headquarters not only integrates the resources of the various subsidiary companies but also clarifies the organizational structure.
Last year, the group initiated organizational adjustments, designating Achem's core focus on the tape manufacturing business. Consequently, YC's OPP film revenue from Ningbo was transferred to Achem, Shin Kong Global was assigned to focus on packaging materials distribution, and YC was transformed into a holding company and real estate developer. |
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