Shanghai Textile Group Is Actively Looking For Foreign Investment Projects.

Shanghai

Zhu Yong, group president, said at the summit of Chinese textile and garment industry that the group is actively promoting pformation. Integrating and utilizing global resources is one of the key tasks in the future to maintain the competitiveness of international trade.

Shanghai Textile Group is actively looking for foreign investment projects.

Zhu Yong pointed out at the group's internal meeting that the goal of the group's foreign trade business is to break the barriers between subsidiaries and build a unified platform through specialization, incremental acquisition and capital operation.

600626.SH, a listed company, has proposed that in the new round of state owned enterprise reform and development, it will speed up the layout of the automotive interior business and make preparations for going abroad, including foreign investment, exploring overseas mergers and acquisitions, and breaking through the limitations of automotive textile interior decoration.

More extensive automotive interior industry.

In the two quarter of this year, the group's enterprises have separately formulated the implementation plan for reform and development.

The Group signed a strategic management consulting project cooperation agreement with the multinational consulting firm Yi An Hewitt. It will focus on the target of the group size and profit doubled in 2018, and the requirements of the group's listing and internationalization, marketization and specialization.

System, performance appraisal and so on.

As for the overall listing plan, the specific development of Shenda shares and 600630.SH has not been disclosed.