Singamas sells more assets amid bad debts and losses
Company will offload another box making subsidiary in China having already sold most of its business to Cosco Shipping last year. The unit has not been running for several years and will require substantial investment to resume production
The subsidiary, Tianjin Pacific Container Co, produced both dry and specialised containers and had been in the red for two consecutive years in 2018-19, with combined net losses topping Yuan47m
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