singamas

Singamas sells container manufacturing units to COSCO

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:

  1. The...

https://container-news.com/singamas-sells-container-manufacturing-units-cosco/

Singamas to sell a massive part of its container manufacturing capacity

Singamas Container Holdings has entered into framework agreement with a potential buyer for five of its wholy-owned subsidiaries. These are Qidong Singamas
Energy Equipment Co., Ltd., Qidong Pacific Port Co., Ltd.,  Qingdao Pacific Container Co., Ltd., Ningbo Pacific Container Co., Ltd., Singamas Container Holdings (Shanghai) Limited.

According to a statement, the Intended Target Companies are incorporated in the People’s Republic of China (the “PRC”) and are engaged in the businesses including...

https://container-news.com/singamas-sell-container-manufacturing-capacity/

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