China–UAE News
Shree Cement Approves China Trading Subsidiary Through UAE Unit
The board of UAE-based Shree Global FZE has approved the incorporation of a wholly owned subsidiary in China named Shree International Trading (Shanghai) Limited. The new entity will hold an authorised capital of RMB 5 million to support import, export, and trading of industrial equipment. India's Shree Cement Limited will maintain 100% indirect equity ownership through its UAE holding.
