Greater China
Chongqing Port sets up bulk trading subsidiary
Shanghai: Chongqing Gangjiu, the operator of Chongqing Port, announced that it plans to invest RMB20m to establish a subsidiary, which will be dedicated to bulk commodity trading.
Chongqing Port said the subsidiary will support the logistics park in Guoyuan port area, which is currently under development.
Chongqing Gangjiu reported a net profit of RMB73.5m for the first three quarters of this year, an year-on-year growth of 9.34%. [31/10/14]