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COPYRIGHT 2004 FDCH e-media
Original Source: Emerging Markets Datafile
Hong Kong-listed Sinotrans, the mainland's logistics giant, has further expanded its freight-forwarding services in southeastern China by buying a controlling interest in Fujian's largest firm.
A source said yesterday that Sinotrans will acquire 75 per cent of Greating Group, wholly owned by Hong Kong Crystalray Holdings, for a sum believed to be less than 10 million yuan (HK$9.38 million).
Sinotrans provides freight forwarding, air...
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