Pacific International Lines subsidiary Singamas Container Holdings is trading in some of its equity for cash.
The Teo Siong Seng-led container maker is selling its interests in five other such companies to a Cosco Shipping Corp subsidiary focused on financial services and investment.
The positions in Qidong Singamas, Qingdao Pacific, Ningbo Pacific, Singamas Container (Shanghai) and Qingdao Pacific subsidiary Qidong Pacific will be sold for RMB 3.8bn
