These include the disposal of certain non-core assets, possibly to its parent, although the sale will be done through an open tender process. These include assets such as the Hunan Hengyang Shop, Hongfan Hotel, Guangzhou Jinzhou and Guangzhou Shipyard Industrial.
Minimum bids have been set at RMB34.8m, RMB120.9m, RMB33.8m and RMB973.8m respectively.In addition, the company is also setting up a shipping services company called GS Shipping with a registered capital of RMB1.25bn, which will be partly met by capital from some of its assets.
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