Recently, Sinotrans (HK) Logistics Ltd. has subscribed for 165 million new shares of InterBulk (listed on AIM) at GBP 18.15 million. The new shares were approved to be listed on AIM on June 21 (Tuesday), 2011 (London Time). The subscription which has made Sinotrans the largest shareholder of InterBulk is a strategic investment of the company to develop its chemical logistics business.
As a company specializing in international shipping of tank and bulk containers, InterBulk has seen its business extending to European, American and Asian markets. It is the largest shipper of solid bulk containers in Europe, and ranks the third in the world in market share of tank container transport.
Based on the know-how, business network and brand advantage of InterBulk, Sinotrans is bound to achieve its strategic goal for chemical logistics by enhancing the global marketing capacity, expanding the ocean transport of chemical products, and boosting the operations management and brand influence worldwide.
(From: Sinotrans Ltd.)