21MAR2019 - NEWS - Singamas Container Holdings enters into agreement to sell its half container manufacturing capacity

Singamas Container Holdings has recently entered into a framework agreement to dispose of five of its wholly owned subsidiaries for $595.9m in cash, a significant sale that is set to slice the group’s annual twenty foot equivalent container production capacity by at least half. Hong Kong listed Singamas said the potential purchaser is looking to acquire Qidong Singamas Energy Equipment, Qingdao Pacific Container, Ningbo Pacific Container, Singamas Container Holdings (Shanghai) Limited, and Qidong Pacific Port for RMB3.5bn to RMB4bn, payable in cash.

Published by Editor - www.Livebunkers.com at 21-Mar-2019 05:32:34 [UTC] , contact editor at editor@livebunkers.com