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Provider: Reuters Investment Profile
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Chang Jiang Shipping Group Phoenix Co Ltd to Set up Joint Venture

Tuesday, 11 Dec 2012 07:00pm EST 

Chang Jiang Shipping Group Phoenix Co Ltd announced that it will invest RMB 3 million to set up a joint venture with a Wuhan-based company, with each to hold a 50% stake and a 50% stake. The joint venture will be with a registered capital of RMB 6 million and be engaged in the commodity transportation, storage, handling, and distribution, logistics and information services, logistics solutions design, finance, logistics and information consulting, logistics supervision, trade purchases, freight forwarding and shipping agency. 

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