News Sinotrans Shipping Going Private By maritimemag September 20, 2018 ShareTweet 0 Hong Kong-incorporated shipping company Sinotrans Shipping, part of Sinotrans & CSC Holdings, has unveiled the possibility of a privatization. A short-term suspension of trading on the Stock Exchange of Hong Kong Limited came into force on September 18, 2018. As informed, an announcement regarding the possible privatization of the company will follow the short-term trading halt. This would be in line with the Hong Kong Code on Takeovers and Mergers. In April last year, Sinotrans & CSC Holdings and China Merchants Group finalized a merger in an effort to further improve the competitiveness of China’s state enterprises and promote industry consolidation. Sinotrans & CSC thus became a wholly-owned subsidiary of Hong Kong-based China Merchants. Operating through three shipping segments, Sinotrans Shipping currently has a fleet of more than 50 bulkers, containerships and tankers, according to VesselsValue’s data. © 2018, maritimemag. All rights reserved.
News Missile attack by Yemen’s Houthi rebels targets a container ship in the Red Sea April 30, 202455 views
News MWUN, others, direct members to join nationwide strike as NLC, TUC ignore court order November 14, 2023184 views
Headlines NSC’s mandate more robust with creation of Ministry of Marine and Blue Economy -NSC Boss Ukeyima November 1, 2023313 views
Dangote refinery can supply diesel, petrol needs of West Africa; African continent’s aviation fuel requirements — Dangote 13 hours ago
Marine and Blue Economy Ministry to increase local fish production, reduce dependence on importation 2 days ago
No justification for epileptic electricity supply in Nigeria – Eminent Nigerians, and leaders 2 days ago
