Shanghai SASAC definition

Shanghai SASAC means the State-owned Assets Supervision and Administration Commission of the Shanghai Municipal People’s Government; and
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Examples of Shanghai SASAC in a sentence

  • Shanghai Huayi (Group) Company is a large conglomerate mandated by the Shanghai SASAC and created through asset restructuring.

  • SEC, which is 57.99% owned by the Shanghai State-owned Assets Supervision and Administration Commission (Shanghai SASAC), is listed on the Shanghai and Hong Kong Stock Exchange and has a market capitalisation of over EUR 5bn.

  • It is an equity investment fund jointly established by Xiamen ITG Holding Group which is wholly owned by Xiamen SASAC and Haitong Securities (stock code: ▇▇▇▇▇▇.▇▇/▇▇▇▇▇.▇▇) which is supervised by Shanghai SASAC.

  • Based on the information available to the Company, as of the date of this announcement, Huahong Group, the 50% shareholder of each of Huahong Real Estate and Huajin Property Management, is ultimately owned as to 51.59% by Shanghai SASAC, and 18.36%, 18.36% and 11.69% respectively by Shanghai International Group Corporation Limited (上海國際集團有限公司), Shanghai Guosheng Group Co., Ltd (上海國盛（集團）有限公司) and INESA, all of which are wholly-owned subsidiaries of Shanghai SASAC.