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English > Industry > Industry-Breaking News>Audit Finds 6 Bln Yuan SOE Asset Losses

Audit Finds 6 Bln Yuan SOE Asset Losses

06-25 18:08 Caijing

Full article in Chinese: http://www.caijing.com.cn/2009-06-24/110189026.html

» An audit report issued by the National Audit Office said 13 central state owned enterprises (SOE) lost a total of 6.4 billion yuan in state-owned assets in 2008.
» The auditor blamed the loss in assets to the companies' management flaws, as well as faulty operations.
» The audit report didn't provide corporate details, but lists China Aerospace Science and Industry Co. as one of the 13 companies.
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