Sinotrans Shipping privatisation approved by court; delisting to follow

Sinotrans

Sinotrans Shipping announced that the company’s privatisation scheme has been approved by the High Court of Hong Kong.

Sinotrans Shipping announced the scheme in November, which includes the sale of 65.13% of its issued shares for up to HK$3.37bn.

Following the court approval, Sinotrans Shipping will be officially delisted from Hong Kong Stock Exchange on January 14.

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