
CN LOGISTICS completes CS ocean freight transaction

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CN LOGISTICS announced the completion of the CS maritime transaction, with DP World becoming the new controlling shareholder. According to the share purchase agreement on April 8th, DP World holds approximately 174 million shares through CS maritime and CS logistics, accounting for about 57.9% of the total share capital of the company. After the transaction, Liu Shiyu will continue to serve as the chairman and executive director of the company. This transaction involves restructuring, with DP World becoming a direct shareholder of the company and obtaining an exemption from making a comprehensive tender offer for the shares
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