United Kingdom

SINOMARINE to increase stake in China Merchants Energy Shipping to 12.6 pct

Saturday, 30 Sep 2017 

Sept 30(Reuters) - China Merchants Energy Shipping Co Ltd <601872.SS>:Says SINOMARINE LIMITED will increase stake in the company to 12.6 percent from 0 percent, as the company will issue new shares to SINOMARINE to acquire asset, which was announced on Sept. 1.Says a Beijing-based shipping company's stake in the company will be diluted to 41.4 percent from 47.4 percent. 

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