China Merchants Energy Shipping Sells Ro-Ro Vessel for 286 Million Yuan

MT Newswires Live
Aug 14

China Merchants Energy Shipping (SHA:601872) unit Shenzhen Ro-Ro publicly sold one Ro-Ro vessel to Shanhai Yuanhang for 285.8 million yuan.

The transaction is expected to generate about 230 million yuan in asset disposal gains for Shenzhen Ro-Ro, according to a Friday filing with the Shanghai bourse.

Shares of the fleet operator were down 1% in recent trade.

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