IN BRIEF (Page 14)
China Daily | Updated: 2008-03-14 07:24
Shipping stake
The world's largest maker of freight containers China International Marine Containers Co agreed to pay about $565 million for a 29.9 percent stake in shipbuilder Yantai Raffles Shipyard Ltd.
China International Marine agreed to buy the stake through its Shenzhen-based company Sharp Vision Holdings Ltd, it said in a statement yesterday.
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