BEIJING (AFX-ASIA) – China’s State-owned Assets Supervision and Administration Commission (SASAC) has suspended the employee shareholding plan among the country’s electricity generators and distributors, in order to prevent the loss of state assets. The SASAC noted in an urgent circular issued earlier this month that some power plants sold shares to their employees without first…
CHINA: SASAC suspends employee shareholding plans in power industry
Posted on September 4, 2003 by EnergyAsia