Continental Holdings Corp streamlines subsidiaries
Continental Holdings Corp (CHC, 欣陸投控) yesterday said that its subsidiaries would no longer have boards of directors, but would name legal representatives to streamline decisionmaking and enhance operational efficiency. Instead of a board, its main subsidiaries — Continental Engineering Corp (大陸工程), Continental Development Corp (CDC, 大陸建設) and HDEC Corp (欣達環工) — would allow the headquarters and a newly formed management unit to take charge of all financial and business decisions, the conglomerate said in a statement. The change would make the management team ...