Shanghai Industrial Holdings Limited (SIHL) (0363.HK) said Tuesday it would progressively spin off its non-core businesses to free up capital for investment in its core industrial operations, the Oriental Morning Post reported. The announcement comes as the company posted US$175.74 million (RMB1.202 billion) in first-half net profit, up 28.9% on a year earlier. SIHL’s parent Shanghai Industrial Holdings Group (SIHG), which is directly run by the Shanghai State-owned Assets Supervision and ...