The restructuring company, part of CSSC, said it would dispose of property and shares worth CNY 259.6m ($41m) by public tender.
This includes 100% of a Guangzhou hotel worth at least CNY 121m.
GSI will also put CNY 298m of property into a subsidiary and set up a new company to invest CNY 1.25bn of assets and CNY 1.2m of cash, it added.
The
