Zhuhai Port disposes of financing subsidiaries

Zhuhai Port disposes of financing subsidiaries

China’s Zhuhai Port has listed three financing subsidiaries for sale at Guangdong Untied Equity Exchange in order to streamline its assets.

The port has listed 100% equity in Zhuahi Ganghui Financial Leasing, Zhuhai Gangrui Fund Management and Zhuhai Gangrui Commericial Factoring for sale at a price of RMB223.17m ($32.5m) in total.

Zhuhai Port believes the sale will optimise the company’s asset structure and help it focus on its core business of port logistics and shipping.

Zhuhai Port is currently developing a bulker fleet and the company’s shipping unit ordered two bulkers at Wuhu Shipyard in July.

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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