Two centrally administered State-owned Enterprises (SOEs) are to be merged soon to increase their input in energy conservation and environmental protection, an industry source revealed.
The government has approved the merger of China Energy Conservation Investment Corp and China New Era Group Corp, two companies under the administration of the State-owned Assets Supervision and Administration Commission of the State Council (SASAC), said a source close to the matter, without elaborating.
SOEs to be merged in 'green' move
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