Zhongchang Marine faces delisting

Zhongchang Marine faces delisting

Shanghai-listed Zhongchang Marine is facing the risk of delisting from the stock exchange if it cannot get back to profit by the end of this year.

The company reported a net loss of RMB9.03m for the first three quarters of the 2015, having already suffered consecutive losses for the past two years.

Zhongchang Marine is currently planning a major restructuring deal and has suspended stock trading since August 18.

Zhongchang Marine is focused on the domestic market, operating a fleet with six bulkers with total capacity of 247,000dwt.

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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