China United Holdings to expand financial service

China United Holdings (0273) passed the proposals including subscription of HMI new shares and placement of convertible notes at today¡¦s shareholder special meeting. Chairman Chuang Yueheng Henry said that the company would reduce investment in high-tech sector and concentrate efforts in the development of financial service in order to cater for the changing market. According to him, high-tech, property and financial services are three major businesses in the company.

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