Zhuahai Port disposes of financing subsidiaries

China’s Zhuhai Port has listed three financing subsidiaries for sale at Guangdong Untied Entied Equity Exchange in order to streamline its assets. The order has listed 100% equity in Zhuahi Gnghui Financial Leasing, Zhuhai Gangrui Fund Management and Zhuhai Gangrui Commerial Factoring for sale at a price of RMB223.17 ($32.5m)in total. Zhuhai Port believes the sale will optimise the company’s asset structure and help it focus on its core business of pork logistics and shipping. Zhuhai Port is currently developing a bulker fleet and the company’s shipping unit ordered two bulker at Wuhu Shipyard in July.

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