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Shanghai Logistics Enterprises Active with Shares Exchange
POSTED: 11:32 a.m. EDT, August 23,2007

Shanghai, Xinhua News Agency: According to analysis made by Shanghai United Asset and Equity Exchange on 22nd, logistics companies are active in exchanging shares on the market to better allocate resources.

At the Shanghai Asset Market, there were 2 big-sum logistics deal transacted on 21st. One Shanghai Freight Forwarding company transferred 57.9% shares to a logistics company affiliated to a Shanghai Group at CNY 192, 000,000. Another one is that 41% shares of a Shanghai international container freight forwarding company was acquired by a Shanghai logistics company at CNY 7,150,000

From: xinhua
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