Grand China Logistics Holding (Group) Co., Ltd., a newly-built subsidiary of Hainan Airlines Group, will spend CNY 3 billion or so acquiring a 50% stake in Zhoushan Jihaiwan Shipyard Co., Ltd. from Shanghai Zhouji (Group) Co., Ltd. (transliterated).
Insiders revealed that the formal equity transfer agreement would be inked in early July 2009. In addition, Grand China Logistics will order new ships from Jihaiwan Shipyard, because it estimates that the domestic shipping market has hit the bottom.
Insiders revealed that the formal equity transfer agreement would be inked in early July 2009. In addition, Grand China Logistics will order new ships from Jihaiwan Shipyard, because it estimates that the domestic shipping market has hit the bottom.