Greater China

Zhongchang Marine borrows RMB200m from parent

Shanghai: Zhongchang Marine announced that it is going to borrow a three-year loan of RMB200m from parent company San Sheng Hong Ye, a multi-sector enterprise based in Shanghai, to replenish working capital.

Meanwhile, Zhongchang Marine plans to put three old vessels with total capacity of 95,000 dwt for sale at Zhejiang Shipping Exchange Market.

Zhongchang Marine reported a net loss of RMB52.2m for the first half of this year. [19/09/14]

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