The restructuring of state owned enterprises (SOEs) under the direction of the fisheries ministry shall take place thoroughly in 2003 so that the ministry can finish its SOEs equitisation and restructuring scheme by 2005, according to the Ministry of Fisheries.
In line with the scheme, most enterprises shall be equitisation in the model of stock companies or for sale or lease. Only some SOEs with 100% state owned capital engaging in public services, guidance and logistics to fishing would remain fully state-owned.
The ministry is considering a proposal to establish a powerful holding company as a core of the fisheries ministry.
[Intellasia Legal Digest]