Greater China

Back door listing for Grand China?

Dalian: Tianjin Marine announced yesterday that its stock has suspended trading in Shanghai due to Grand China Logistics mapping big plans, thought to be a back door listing for Grand China.

Tianjin Marine said the major shareholder of the company, Grand China Logistics, has written to the company saying that it will submit a proposal to carry out share segregation reform of Tianjin Marine, and Tianjin Marine should prepare an A share related shareholders’ meeting as soon as possible to review the proposal.

Both of the two companies have not revealed more information to date, however, Grand China promised to disclose the plan by 22 July. [13/07/18]

 

RELATED STORY:

Grand China Logistics: Downturn lessons
 

Splash

Splash is Asia Shipping Media’s flagship title offering timely, informed and global news from the maritime industry 24/7.
Back to top button