Report: COSCO selling stake in logistics firm

Air

Monday, November 12, 2012

The Website for the China Daily newspaper is reporting that COSCO and China Cargo Airlines are planning to sell a combined 30.7 percent stake in Shanghai Eastern Logistics Co . The report said only some major domestic airlines — such as Air China and China Southern Airlines Co. — are allowed to buy the stock rights now being sold in Shanghai Eastern Logistics. The report said China Eastern Airlines started the company with COSCO and China Cargo Airlines in 2...

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