Chu Kong Shipping Enterprises (Group) Co. Ltd. (HK:0560) has released an update.
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Chu Kong Shipping Enterprises (Group) Co. Ltd. is set to expand its operations through investment in the newly constructed Sanbu New Port, following the government expropriation of their lands at Sanbu Port. The company’s subsidiary, CKRTT, has successfully bid to acquire a 51% stake in Kaiping Freight Company, which will manage the new port’s operations. This strategic move is anticipated to secure continuous revenue streams for the group and may result in a disclosable transaction subject to Hong Kong’s Listing Rules.
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