Hu An Cable asked to sell China units
Proposed disposal comes as company says two-thirds of 706m yuan order in a key segment has been delayed
Singapore
HU AN Cable Holdings is facing calls by a local government in China to sell its subsidiaries even as the company revealed that two-thirds of orders in a key business segment have been delayed.
The cable and wire maker said on Tuesday that the local government of Wuxi City, Guanlin Town in China has proposed that the cable and wire maker sell its three Chinese subsidiaries to one Yixing Jinxiao Copper Industry Co.
TRENDING NOW
Despite the de-dollarisation debate, demand for dollar liquidity in Asia is growing
URA to review guidelines on floor space to give developers more design flexibility: Chee Hong Tat
He built the Vingroup empire. Now South-east Asia’s richest man is handing some key roles to his sons
Can a first-time homebuyer couple earning S$18,000 a month afford a new EC unit?
