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Guangdong Wenhua Furui to take over CSC Phoenix - Chinese dry bulk operator CSC Phoenix has announced that its controlling shareholder Tianjin Shunhang Shipping has signed a letter of intent with Guangdong Wenhua Furui Investment for the sale of all its 17.89% shares in the company for about RMB1.9bn ($274m). Tianjin Shunhang took over bankrupt CSC Phoenix from state run logistics giant Sinotrans & […]
Chinese dry bulk operator CSC Phoenix has announced that its controlling shareholder Tianjin Shunhang Shipping has signed a letter of intent with Guangdong Wenhua Furui Investment for the sale of all its 17.89% shares in the company for about RMB1.9bn ($274m). Tianjin Shunhang took over bankrupt CSC Phoenix from state run logistics giant Sinotrans & …
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