Xingtong Shipping Co., Ltd. completed the acquisition of 15% stake in Shenzhen COSCO Longpeng LPG Transportation Co., Ltd. from Ningbo Lingfeng Chemical Logistics Co., Ltd.
January 17, 2023
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Xingtong Shipping Co., Ltd. (SHSE:603209) signed a share transfer agreement to acquire 15% stake in Shenzhen COSCO Longpeng LPG Transportation Co., Ltd. from Ningbo Lingfeng Chemical Logistics Co., Ltd. for CNY 52.5 million on November 14, 2022.
Xingtong Shipping Co., Ltd. (SHSE:603209) completed the acquisition of 15% stake in Shenzhen COSCO Longpeng LPG Transportation Co., Ltd. from Ningbo Lingfeng Chemical Logistics Co., Ltd. on January 18, 2023.
Xingtong Shipping Co Ltd is a China-based company principally engaged in the business of coastal transportation within China. The Company's main business is the water transportation of bulk liquid chemicals and refined oil in coastal areas. The transportation services provided by the Company include crude oil tanker transportation, product oil tanker transportation, chemical tanker transportation, LNG tanker transportation and LPG tanker transportation. The products transported by the Company include paraxylene (PX), liquid caustic soda, pure benzene, styrene, methanol, ethylene glycol and other basic chemical products and aviation kerosene, gasoline and diesel oil, naphtha and other oil products.
Xingtong Shipping Co., Ltd. completed the acquisition of 15% stake in Shenzhen COSCO Longpeng LPG Transportation Co., Ltd. from Ningbo Lingfeng Chemical Logistics Co., Ltd.
XINGTONG SHIPPING CO., LTD. 
