Formosa Plastics to pump US$30 mln into subsidiary in Mainland China

30-Dec-08
Formosa Plastics Group has secured approval from the directorate to inject US$30 mln into its mainland subsidiary Formosa Polypropylene (Ningbo), in a bid to improve the worsening financial situation of the mainland unit. The plan is still subject to approvals from both the Taiwanese and Mainland China authorities.
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