Sinotrans (HK:0598) has released an update.
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Sinotrans has announced a strategic partnership with Zhanjiang Port Group and Sinotrans South China, forming a joint venture with a registered capital of RMB207.2 million to develop the China Merchants Zhanjiang Chemicals Logistics Hub Project. Sinotrans Chemical will hold a 50% stake, while Zhanjiang Port Group and Sinotrans South China will each hold 25%. This collaboration marks a significant step in expanding Sinotrans’ logistics capabilities in China’s chemical industry.
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