Asia
Limin Group Approves Subsidiary Mergers to Boost Efficiency
Limin Group (SHE:002734) said its board approved absorption mergers among wholly-owned subsidiaries to optimize resources and reduce costs.Limin Chemical will absorb Zhuobang New Energy, while Guxin Biotechnology will absorb Xinneng Plant Protection, according to a Thursday filing with the Shenzhen bourse.Zhuobang New Energy and Xinneng Plant Protection will be dissolved after the restructuring.Shares of the pesticide maker closed 1% higher Thursday.
SHE:002734
