China Ship Dev (HKG:1138) to Buy Oil Tanker at $414M

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China Ship Dev (HKG:1138) to Buy Oil Tanker at $414M

Date:2012-01-16

China Shipping Development (HKG:1138) has entered into an agreement with its controlling shareholder, China Shipping (Group) Company, for the construction of a tanker for transportation of crude oil and refined oil. The total consideration for the construction of the tanker is US$53.28 million (HK$413.682 million).

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