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CSCL share sale set for Friday
In a bid to staunch losses China Shipping Container Lines (CSCL) will offload a 2% stake in a restricted share sale on Friday. The sale of 234m shares should net the company more than $100m as it battles to get back into the black. China Shipping has jettisoned terminals and a variety of other businesses this year.
Source: Sino Ship News
Source: Sino Ship News
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