When contacted by Singapore's Splash 24/7, an official of Zhonggu Shipping said the move is to meet the company's strategic development needs and the termination of the listing will not affect the company's new build orders.
Zhonggu Shipping announced in January plans to raise CNY600 million (US$87 million) via issuing new shares to finance the construction at Shanghai Shipyard and Jinling Shipyard.
Zhonggu Shipping currently operates 45 ships, according to Alphaliner.
Zhonggu Shipping announced in January plans to raise CNY600 million (US$87 million) via issuing new shares to finance the construction at Shanghai Shipyard and Jinling Shipyard.
Zhonggu Shipping currently operates 45 ships, according to Alphaliner.