Hong Kong: Sino-Global Shipping America, a provider of shipping agency services, announced that it has signed a non-binding acquisition proposal to acquire Qingdao Zhenghe Shipping 's ship management arm, Longhe Ship Management (Hong Kong).
Longhe Ship Management mainly provides ship and crew management services for ships that are built and owned by Zhenghe.
The company noted that the exact terms and conditions of the planned acquisition have not been determined and are subject to further negotiation between the two parties as well as review and approval of Sino-Global's board of directors. [09/07/14]
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