Yunnan Enterprises Holdings plans to decide on which projects in Chinese medicine, technology and cigarette-manufacturing it will invest in early next year, according to a company official.
Managing director Cheng Hau Yan also said major shareholder would inject some assets into the company, without giving further details.
The company was involved in a plan, for the present shelved, to build a Chinese-medicine centre in Hong Kong through a memorandum of understanding signed by New World China Enterprises Projects and the Yunnan provincial government.
The provincial government controls Yunnan Enterprises' Yunnan-based parent Yuxi Hongta Tobacco (Group).
Yunnan Enterprises wants to diversify away from its core business of cigarette manufacturing and distribution because of expected lower earnings.
EXPANSION