SIPG to offer RMB16.7bn of loans to subsidiaries

Shanghai: Shanghai International Port Group (SIPG) has announced that the board has approved to offer a total of RMB16.7bn entrusted loans to more than three subsidiaries including Shanghai Guandong International Container Terminal Co through financial institutions in 2014.

SIPG reported a net profit of RMB5.2bn for the year of 2013, year-on-year growth of 4.6%, and it has completed container throughput of 33.6m teu in the year, up 3.3% year-on-year. [08/01/14]

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