Silver Grant International finishes restructure and plans to sell non-core busin

Gao Jin Min, managing director of Silver Grant International Industries (0171), pointed out after the board meeting that the restructure of the company would be finished this year and meanwhile, it would sell retail, industry and other projects, which were not connected with its own business. The company was now in talks with several investors, but it would still maintain its position as the shareholder of Qingling Motors (1122) and Jiangxi Copper (0358), said Mr Gao. He also claimed that the company now held 2.5% shareholding of the former and 10% of the latter. When asked whether the company would decrease its interest in the two companies mentioned above, Mr Gao said the company would sell the stake at proper time according to different situations.

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