Zhejiang Provincial Energy Group: Shareholder of Ningbo Marine, 41.90%

2013-03-06

In October 22, 2012, Zhejiang Provincial Energy Group signed contact with related shareholders of China Shipping Group, Ningbo Marine Company’s controlling shareholder, purchasing 51% share from China Shipping Group.

Then Zhejiang Provincial Energy Group has become the controlling shareholder of China Shipping Group and indirectly controlled 41.90% share of Ningbo Marine Company, which triggered tender offer for Ningbo Marine.

Ningbo Marine released tender offer report on March 5.

Source from CNSS

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