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On the morning of August 7, Jiangsu Provincial State-owned Assets Supervision and Administration Commission held a merger and reorganization meeting of Provincial Textile (Group) Corporation and Jiangsu Petrochemical Asset Management Co., Ltd. in Nanjing. Vice Governor Li Quanlin attended the meeting and delivered a speech.
Jiangsu Textile Group is a state-owned asset investment entity that was originally converted by the former Provincial Textile Industry Department. It achieved operating income of 2.943 billion yuan last year. Since the transformation of Jiangsu Petrochemical Assets Co., Ltd. in 2000, the import and export trade, domestic trade, and asset management have grown steadily. Last year, the company's total sales amounted to 750 million yuan. In accordance with the relevant decision-making arrangements of the Jiangsu Provincial Party Committee and the Provincial Government on promoting the reform and development of provincial state-owned enterprises, under the guidance of the relevant departments of Jiangsu Province, after the full consultation between Jiangsu Textile Group and Jiangsu Petrochemical Asset Company, the two companies formally merged and reorganized. To achieve strong alliances and complementary advantages.
Li Quanlin pointed out that the reorganized Jiangsu Textile Group should seize development opportunities, leverage its asset advantages, optimize resource allocation, and strive to achieve new development. It is necessary to continuously innovate the system and mechanism of enterprise development, give play to the basic role of market allocation of resources, and develop and strengthen itself in competition. We must focus on improving the corporate governance structure, deepen the reform of the company's "internal three systems", and strive to build a scientific management system and operational mechanism that is conducive to enterprise development. It is necessary to effectively consolidate the inherent foundation of enterprise development, strengthen strategic management, financial management, and talent management, update management concepts, improve management, and provide guarantee for the sustained and rapid development of enterprises. It is necessary to pay attention to the characteristics of the company and strive to have new and greater achievements in the development of modern service industries.
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