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Gansu Provincial State Assets Supervision and Administration Commission stipulated that the restructuring of state-owned chemical companies must be open, transparent, and standardized in operation. The focus must be on the following aspects: capital verification, financial audits, asset assessment, transaction management, pricing management, transfer price management, and management buy-out. Strict financial discipline, to prevent the loss of state-owned assets.
The Gansu State-owned Assets Supervision and Administration Commission recently confirmed that 32 qualified intermediary organizations have been selected to participate in the audit evaluation and property rights transfer in the restructuring and reorganization of chemical companies, in order to standardize the restructuring of state-owned chemical companies.
May 26, 2024