Sinotrans ++


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5570 Postings, 6691 Tage skunk.worksSinotrans ++

 
  
    #1
11.12.07 06:22
Shares of Sinotrans Ltd (0598.HK)

gained 2.37 percent

to HK$3.89

after it said its wholly owned unit would sell all its 50 percent stake in air freight forwarding joint venture Exel-Sinotrans Freight Forwarding Co Ltd to DHL Excel Supply Chain (Hong Kong) Ltd for HK$696.9 million (US$89.3 million).

DHL Excel already owns 50 percent of the venture firm.  
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