SAIC Anji Logistics, a subsidiary of SAIC Motor, announced strategic investments from COSCO SHIPPING Holdings Co., Ltd. and Shanghai International Port (Group) Co., Ltd. (SIPG). Both companies will invest 1 billion yuan each, acquiring 10% equity stakes in SAIC Anji Logistics following a capital increase that raises the company’s registered capital from 600 million yuan to 750 million yuan.
Key Investment Details- Amount Raised: 2 billion yuan.
- Stake Distribution: COSCO SHIPPING and SIPG will...