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Sino-Global Shipping America to buy Longhe Ship Management HK
SINO-Global Shipping America, an international shipping agency and logistic services provider, has signed a non-binding acquisition proposal to acquire ship management company, Longhe Ship Management (Hong Kong), from current owners Qingdao Zhenghe Shipping (Group) Co. Ltd.
Incorporated in Hong Kong, Longhe Ship Management provides ship and crew management services for a number of dry bulk ships that are built and owned by Zhenghe, a company release said.
The exact terms and conditions of the planned acquisition have not been determined and are subject to further negotiation between the two parties as well as the review and approval of Sino-Global's board of directors.
Incorporated in Hong Kong, Longhe Ship Management provides ship and crew management services for a number of dry bulk ships that are built and owned by Zhenghe, a company release said.
The exact terms and conditions of the planned acquisition have not been determined and are subject to further negotiation between the two parties as well as the review and approval of Sino-Global's board of directors.
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