China's CRE to Undergo
Restructuring

   

One of China's biggest companies is its Hong Kong listed unit in preparation for China's entry into the World Trade Organization. China Resources says it plans to inject core assets of distribution, logistic services and foreign trade into China Resources Enterprise, or CRE. Restructuring is expected to take, at least, two years. Management hopes to transform CRE into one of Asia's biggest commodities distributors. Ahead of that announcement, CRE shares rose 4 percent to 9 Hong Kong dollars and 55 cents.