Greater China

Nanjing Tanker targets relisting

Shanghai: The financially troubled Chinese tanker operator, Nanjing Tanker, is confident its extensive reforms should get it listed again as it targets getting back into the black this year.

The company currently has 11 departments and 19 subsidiaries, which are expected to be adjusted and merged into six departments and six operational entities.

In addition, the company is planning to cut down the number of employees this year.

Nanjing Tanker expects to return to profit in 2015-2016, and to be listed again in 2017.

The listed trading shares of Nanjing Tanker have been officially suspended from April 2013 due to three consecutive years of losses. [07/01/15]

 

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