Red chip China Resources Enterprise has put its 36 per cent stake in listed office furniture supplier Logic International under review, according to executive director Yan Biao.
He said the company had yet to decide whether it would sell or increase its stake in Logic, which is rumoured to have suffered huge losses.
'We have no idea whether Logic is making losses or profits,' he said.
'We will have to wait until its annual results come out.' Logic is expected to announce its results at the end of next month.
China Resources project division general manager An Lu said it had recently introduced a new management system in view of the company's rapid expansion through acquisitions.
China Resources - the listed flagship of China's Ministry of Foreign Trade and Economic Co-operation - had asked its offshoots to submit financial accounts and operational reviews every month as part of the management review, Mr Lu said.
