Salt maker to step up reform pace

CNSIC charts plan to bring in more investors, list unit in stock markets

China National Salt Industry Group, or CNSIC, the country's biggest table salt manufacturer by production volume, will accelerate the pace of mixed-ownership reform by introducing new strategic investors and pushing one of its units to be listed in the stock markets in 2020, according to its top executive.

The centrally-administrated State-owned enterprise, which previously managed the sales and production of China's edible salt products, signed deals with 13 companies including Guangdong Salt Industry Group Co and China Reform Holdings Corp in September, to raise more than 3 billion yuan ($425 million) to support the listing of China National Salt Industry Holdings Co, one of its units, in the stock market next year.