Yue Xiu Enterprises (Holdings), the holding company of Denway Investment, is considering progressive diversification of the money-losing Guangzhou car-maker. Zhang Bohua , chairman both of Yue Xiu and Denway, said the holding company might inject non-car related industrial projects as well as car-parts plants into Denway. Last month, Yue Xiu put a stake in Guangzhou Peugeot, Denway's main asset, up for sale as part of a restructure. 'We are still studying what kind of assets to inject,' Mr Zhang said. Yue Xiu wanted Denway to diversify, though its core business would remain production of cars and car-parts. He said the car industry would remain one of the Guangzhou's pillar industries.