Grand China equity in Tianjin Marine unfrozen

Dalian: Tianjin Marine has been informed by the company’s controlling shareholder Grand China Logistics that 26.18m shares owned by Grand China Logistics have been unfrozen by the Shanghai branch of China Securities Depository and Clearing Corporation.

The shares account for 29.93% of the company’s total shares, and accounts for 99.83% of the shares that Grand China owned.
Grand China’s equity in Tianjin Marine had been frozen since August last year. [05/11/14]

 

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