CSCL will acquire 60% of China Shipping (CS) Container Lines Hainan as well as 10% each in CS Xiamen Company, CS Dalian Company, CS Guanghzou Company, CS Qingdao Company, CS Shanghai Company, CS Shenzhen Company, CS Tianjin Company and CS Haikou Company. Upon completion of these transactions, the liner giant will be the sole owner of the companies.
In a statement to the press, CSCL said that the acquisitions are meant to streamline the shareholding structure of the group, strengthen the management, unify the operations, coordinate the development and regulate the operation of the units. [ Copyright © 2024. All rights reserved. Seatrade, a trading name of Informa Markets (UK) Limited. Add Seatrade Maritime News to your Google News feed.