China Shipping looks to land cargo transport
Winston Yau
China Shipping Development has taken a small stake in a 100 million
yuan (about HK$93.69 million) logistics company recently formed
by its parent and other state-owned shipping companies.
News of the stake came as the company posted 50.71 per cent growth
in net profit to 111.49 million yuan for the first half.
Chairman Li Kelin said the oil
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