Chu Kong Ship buys stake in 5 termials

Chu Kong Shipping Development Company limited (0560) announced that it has acquired stake in five terminals located in the Pearl River Delta with $52.28 million in cash. The acquired docks includes Sanbu Passenger and Cargo whose main businesses are passenger transportation and cargo terminal operation services and Ming Chu Transportation, Sangang Containers, Nankong Warehouse and Foshan New Port which are engaged in cargo terminal operation services.

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