The government's plan to liquidate the first-echelon unit of the Restructuring and Privatization at the State Ministry for State Enterprises is estimated to ruin the privatization process of some state-owned enterprises.
The liquidation of the unit, which has been handling state-owned enterprise restructuring and sales for nine years, was deliberated at the meeting of the State Ministry for State Enterprises Board of Chairpersons on July 9, 2007.
Next year, the State Ministry for State Enterprises plan to dispose the government's shares in 16 state-owned enterprises, although the plan has yet been approved by the House of Representatives and the Privatization Policy Committee.
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