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Bluestar Group mulls listing
By Hu Yuanyuan (chinadaily.com.cn)
Updated: 2009-03-05 17:06 The stock of Shenzhen-based Bluestar Cleaning Co suspended trading as of Thursday as parent company China National Bluestar Group Corp is working out a restructuring plan, the listed company said in a statement on Thursday. Industry experts interpret the statement as the group's latest efforts to realize a listing as a whole unit after Bluestar Cleaning sold a 20 percent stake to Blackstone Group. The restructuring plan, experts say, will include the assets integration of Bluestar Cleaning, Shenyang Chemical Co and Blue Star New Chemical Material Co. (For more biz stories, please visit Industries)
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