Sinotrans Shipping, a shipping subsidiary of Chinese state-run shipping and logistics major Sinotrans & CSC Holdings, has proposed to withdraw its stock listing from Hong Kong Stock Exchange as part of a privatisation plan.
The company suspended stock trading from September 18, which is related to the possible privatisation of the company.
Sinotrans Shipping will submit the scheme document for the privatisation no later than November 20, extended from an earlier announced date of October 18.
Sinotrans Shipping currently operates a fleet of 58 vessels, made up of 41 bulkers, 13 containerships and four tankers.
