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COSCO confirms major merger of Chinese container terminals
date:Jul 05, 2019
ch TCT as the surviving entity will absorb and merge with FICT and TOCT.

TCT was and will be wholly-owned by Tianjin Port Holdings. FICT was and will be held as to 51.854%, 17.073%, 14% and 17.073% by Tianjin Port Holdings, CP Tianjin, CSTD and CM Terminals respectively. TOCT was and will be held as to 75.5% and 24.5% by Tianjin Port Holdings and CP Tianjin respectively.

Upon completion of the Merger, TCT as the surviving entity will succeed all assets, business, credits, debts and employees o

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