Tianhai Investment spends $346m on credit firm

Tianhai Investment spends $346m on credit firm

Tianhai Investment, formerly Tianjin Marine, has announced that it plans to spend up to RMB2.2bn ($346m) to acquire a 27% stake in China United SME Guarantee Corporation (Sino Guarantee).

Sino Guarantee is a government-backed firm, that mainly provides credit enhancement products for bonds and loans. Tianhai Investment said the acquisition will create synergies between the company’s main business and relevant businesses in the financing sector.

Tianhai Investment, traditionally a container shipping company, has recently moved into the VLCC and LNG sector and is currently inviting tenders for the construction four VLCCs.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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