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China Shipping Container Lines Co Ltd to Sell 100% Stake in Hong Kong-based Company to Top Shareholder's Subsidiary; to Inject Capital in Top Shareholder's Subsidiary


Friday, 11 Oct 2013 08:00pm EDT 

China Shipping Container Lines Co Ltd announced that it will sell a 100% stake in a Hong Kong-based wharf company to a subsidiary of the Company's top shareholder (company A). The company A will issue new shares to the Company as payment for the 100% stake in the Hong Kong-based company. The Company will also inject capital in company A, to finally hold a 49% stake in company A. 

Company Quote

2.31
0.05 +2.21%
22 Aug 2014