Brief: Sinotrans Announces Acquisition Of All Stake Of Keppel Logistics (Foshan)

Sinotrans

27/09/2019 14:30

Sept 27 (Reuters) - Sinotrans Ltd  0598.HK :
    * SINOTRANS ANNOUNCES ACQUISITION OF ALL STAKE OF KEPPEL
LOGISTICS
(FOSHAN) AND 70% STAKE OF KEPPEL LOGISTICS (HONG KONG)
    * SINOWAY SHIPPING TO PURCHASE AND STEAMERS TO SELL 70%
STAKE OF
KEPPEL HONG KONG FOR NO MORE THAN RMB28.6 MILLION
    * UNIT CONDITIONALLY AGREED TO BUY FROM SINOTRANS GUANGDONG
30%
STAKE OF KEPPEL FOSHAN FOR ESTIMATED AMOUNT OF NO MORE THAN
RMB77.8 MILLION
    * SINOWAY SHIPPING TO BUY 70% STAKE OF KEPPEL FOSHAN FOR
ESTIMATED
AMOUNT OF NO MORE THAN RMB181.5 MILLION

Source text for Eikon:  ID:nHKS4m7fYP 
Further company coverage:  0598.HK 

 ((Reuters.Briefs@thomsonreuters.com;))