Yingliu Electromechanical Merges Anhui Yingliu Casting Into Intelligent Manufacturing Subsidiary
Anhui Yingliu Electromechanical (SHA:603308) is merging Anhui Yingliu Casting into fellow subsidiary Anhui Yingliu Intelligent Manufacturing.The restructuring aims to optimize management structure, reduce costs and improve operational efficiency, according to a Thursday filing with the Shanghai bourse.Upon completion, Yingliu Intelligent Manufacturing will survive and Yingliu Casting will be legally dissolved.