Date
20 October 2017

CSCL selling two subsidiaries, paper says

China Shipping Container Lines Co. Ltd. (02866.HK, 601866.CN) is selling its entire stakes in China Shipping Shanghai Yangshan International Container Storage and Transportation Co. Ltd. and another subsidiary for 305.41 million yuan (US$50.12 million) and 372.72 million yuan, respectively, Securities Times reported Thursday. The sale will be conducted on the Shanghai United Assets and Equity Exchange. It is intended to optimize the company’s asset structure, the report said.

– Contact HKEJ at [email protected]

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