Chengdu Corning Cable Co., Ltd. puts up 49 percent equities for sale at CNY 290 million on the Shanghai United Assets and Equity Exchange (SUAEE).
Chengdu Corning Cable is a Sino-foreign joint venture and was established in Chengdu in 1994; Corning Mauritius Ltd holds 51 percent equities in the venture, being controlling shareholder; Chengdu Putian Telecommunications Cable holds the remaining 49 percent equities.
Corning Cable brought in CNY 460 million operating incomes but incurred CNY 33.88 million net losses in 2012; it gained CNY 98.03 million operating incomes but incurred CNY 5.44 million net losses in the first quarter
Source:
http://www.sinocast.com/readbeatarticle.do?id=93428
