Independent journal on economy and transport policy
13:25 GMT+1
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Green light to the fusion of the Chinese groups Sinotrans and China Merchants Group
the plan is approved of by governmental agency Be Assets Supervision and Administration Commission
December 30, 2015
the great trasportistico group and logistic Sinotrans Chinese will melt with the compatriot Lowers Merchants Group (CMG), company that work in the harbour field through China Merchants Holdings (International) Co. (CMHI), that public Chinese is the main harbour group, in the highway field, in the section of the marine transport through the societies Maritime Hong Kong Mingwah Shipping and Associated Company (HK) Ltd. (AMCL) that fleets of tankers operate and portarinfuse, in the logistic field, mainly through China Merchants Logistics Holdings Co., in the industrial field, in which it is present among other things through China International Marine Containers (CIMC), society world leader in the segment of the intermodal construction of container, and is active also in the field financial and real estate.
the fusion plan, that it is approved of yesterday by governmental agency Chinese Be Assets Supervision and Administration Commission (SASAC), previews that Sinotrans & CSC Holdings Co., parent company of the Sinotrans, becomes of entire property of group CMG.
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