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SASAC hopes CAO bailing out plan supported
(Xinhua)
Updated: 2005-01-28 16:57

The State-owned Assets Supervision and Administration Commission (SASAC) said in Beijing Friday that the bailing out plan for the China Aviation Oil (Singapore) Corp (CAO) has been submitted to the supreme court of Singapore, saying that it is the practical approach to reduce losses to the  maximum and hoping that the plan will be understood and supported.

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