Guangzhou: Zhong Chang Marine announced late yesterday that it has received RMB20m in supporting funds from Yangjiang municipal and county financial bureaus.
The funds will be used to support the shipping business of its subsidiary Yangxi Zhong Chang Marine as the local financial bureaus vow to help shipping companies to cope with the current difficult times and help the shipping companies in Yangjiang to develop and become bigger and stronger.
Zhong Chang Marine, a private listed shipping company, has predicted that it is likely to finish the year in debt. [25/12/12]
