On 10 January, the High Court of Hong Kong sanctioned without modification the proposal for the privatisation of Sinotrans Shipping Limited, the company informed in an official statement. The High Court also confirmed the capital reduction of the company provided for by the Scheme of Arrangement.
The privatization came on the table in September when Sinotrans proposed a scheme of arrangement and withdrawal of the company’s listing. The decision was a result from the company’s poor performance,...
https://safety4sea.com/sinotrans-gets-court-green-light-for-privatization/