China Shipping Group’s (CSG) Shanghai Shipping is offloading the slice through the Shanghai United Assets and Equity Exchange, Asian reports said.
Another CSG company, China Shipping Tanker (CST), a subsidiary of China Shipping Development Co (CSDC), could bid again after snapping up a 20% stake from Sinochem in June.
The price then was CNY 830m ($114m) – and this is the starting level for offers again.
Shanghai
