Greater ChinaPorts and Logistics
Zhuhai Port disposes of financing subsidiaries
China’s Zhuhai Port has listed three financing subsidiaries for sale at Guangdong Untied Equity Exchange in order to streamline its assets.
The port has listed 100% equity in Zhuahi Ganghui Financial Leasing, Zhuhai Gangrui Fund Management and Zhuhai Gangrui Commericial Factoring for sale at a price of RMB223.17m ($32.5m) in total.
Zhuhai Port believes the sale will optimise the company’s asset structure and help it focus on its core business of port logistics and shipping.
Zhuhai Port is currently developing a bulker fleet and the company’s shipping unit ordered two bulkers at Wuhu Shipyard in July.