Greater China

CSC Phoenix completes restructuring plan

Shanghai: CSC Phoenix has announced that Wuhan Intermediate People’s Court has confirmed that the company has completed its restructuring plan.

CSC Phoenix said its net assets are expected to be positive after the restructuring, which will help the company resume stock trading.

The company reported a net profit of RMB186.4m in the first half of this year and it‘s expecting a positive financial result in the third quarter. [10/10/14]

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