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 is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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