Singamas decided to sell four of its container manufacturing units in China to COSCO Shipping Financial Holdings. The Chinese shipping giant paid $562m (RMB3.8bn).
According to the statement, Singamas will sell the four subsidiaries Qidong Singamas, Qingdao Pacific, Ningbo Pacific and Singamas Container (Shanghai) to COSCO. Qingdao Pacific also has a fully owned subsidiary Qidong Pacific.
Below you can find the Payment Terms of the agreement:
The Consideration is payable in four installments:
- The...
https://container-news.com/singamas-sells-container-manufacturing-units-cosco/