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Provider: Reuters Investment Profile
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Provider: Thomson Reuters Stock Report
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Chongqing Iron & Steel Co Ltd to Transfer Equity Shares


Tuesday, 18 Dec 2012 07:00pm EST 

Chongqing Iron & Steel Co Ltd announced that it will respectively transfer a 25% and a 16% stake in a Jingjiang-based logistics company to Chongqing Shipping (Group) Co., Ltd and Chongqing Energy, for RMB 262.2 million and RMB 167.8 million. After that, the Company will still hold a 10% stake in the target company, which is engaged in the handling, lightering, warehousing and management, freight forwarding, cargo stowage and ordinary freight.