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... advantageous for the shareholding reform of the Spinning Group. The three factories, once merged, would form a new Spinning Group, a municipal state-owned enterprise. The Liangxi City State-owned Assets Supervision and Administration Commission would hold sixty-two percent of the shares, with the rest being open for recruitment. Thus, a new leadership team for the Textile Group can be formed through open recruitment and enlistment. The vacuum in the Spinning Group’s leadership only spared Nie Zh ...
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