Loss-makers on auction block

PUBLISHED : Thursday, 11 December, 1997, 12:00am
UPDATED : Thursday, 11 December, 1997, 12:00am


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Shenyang city, in Liaoning, is putting 192 loss-making state and collective enterprises on the auction block, the People's Daily Overseas Edition says. The firms were mainly in the medical, petrochemical, textile, machine-building and electronics sectors, the newspaper said. The enterprises would be sold, leased or put into trusteeship, it said, but did not say when the auction would take place. State-owned enterprises accounted for 46 of the ailing firms, while 146 were collectively owned, it said.