Asia
Tiantai Xianghe to Deregister Subsidiary
Zhejiang Tiantai Xianghe Industrial (SHA:603500) plans to deregister its subsidiary, Hunan Xianghe Electronic Materials, according to a Shanghai bourse filing on Thursday.The railway equipment manufacturing company has not achieved profitability with Xianghe Electronic Materials, which has a relatively small actual business scale.Tiantai Xianghe's shares dropped 4% at the close.
SHA:603500
