Greater China

CSC Phoenix back on track

Shanghai: CSC Phoenix, a subsidiary of Sinotrans & CSC, has announced that the company is expected to report a net profit of between RMB4.31bn and RMB4.41bn for the first three quarters of this year. CSC Phoenix has just completed restructuring following its bankruptcy last year.

The company said the restructuring has greatly enhanced its profitability and it is expected to resume stock trading from next year. [16/10/14]



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