Singamas to sell five subsidiaries for up to $596m

Singamas Container Holdings has entered into a framework agreement to sell off five of its wholly-owned subsidiaries for up to RMB4bn ($595.9m) in cash as the container manufacturer seeks to refocus its business.

http://www.seatrade-maritime.com/news/asia/singamas-to-dispose-of-five-subsidiaries-for-up-to-596m.html