Shanghai Hai Hua Shipping Company (HASCO) has become a fully owned unit of Shanghai Jinjiang Shipping Group (SJS), after their parent, Shanghai International Port Group (SIPG), engineered a merger to consolidate the two Chinese domestic liner operators.
HASCO was established in 1990, originally as a state-owned enterprise through the Ministry of Communications (precursor of the Ministry of Transport), which sold its holdings to SIPG, another state-owned company, in 2000. SIPG controls the...
https://container-news.com/sipg-arranges-hasco-shanghai-jinjiang-merger/