date:Mar 26, 2019
Singamas Container Holdings has entered into a framework agreement to dispose of five of its owned subsidiaries for up to RMB4 billion ($596 million), a significant sale that is set to slice the groups annual twenty-foot equivalent container production capacity by at least half.
Hong Kong-listed Singamas said the potential purchaser is looking to acquire Qidong Singamas Energy Equipment, Qingdao Pacific Container, Ningbo Pacific Container, Singamas Container Holdings (Shanghai) Limited, and Qid