Sinochem International Corporation (600180.SH) plans to sell 51% equity stake in Reunion Shipping Assets Management Co., Limited.

Smart Finance APP news, Ruimaotong (600180.SH) announced that its wholly-owned subsidiary CCSHK intends to transfer 51% of its ownership in Reunion Shipping Assets Management Co., Limited to EBRIDGE for a transfer price of 3.809 million US dollars. The purpose of this matter is to further focus on the core business of commodity supply chain, the company plans to adjust and optimize its existing shipping business in order to better support its main business.