Northwest Yongxin Sells State-Owned Equity

摘要

After 7 years'hard struggle,Northwest Yongxin Group,the parent company of Northwest Yongxin Chemical Industry Co.(NYCI)that raised funds and got listed in Shenzhen Securities Exchange in 1997,has decided to give up its control on its subsidiary.At the beginning of August this year,Yongxin Group decided to sell 80 million shares it held in Northwest Yongxin Chemical Industry Co.and reduced its equity from 58.09% to 15.76%.