Conducting Negotiations in Modern Boardroom’s Adis Ajdin reports:

Shanghai International Port Group (SIPG) intends to spin off and list its shortsea container shipping subsidiary Jin Jiang Shipping.

The board of directors of SIPG has authorised the company and the management of Jin Jiang Shipping to start the preliminary preparations for the spin-off.

The spin-off will not cause the company to lose control over Jin Jiang Shipping, nor will it affect other businesses of the company, SIPG said in a regulatory filing with the Shanghai Exchange.

Established in 1983, ...

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