Chu Kong Shipping Enterprises Company Limited completed the acquisition of 25% stake in Chu Kong International Freight Forwarding Co., Ltd. from Guangdong Provincial Port & Shipping Group Co.,Ltd.

Chu Kong Shipping Enterprises Group Co Ltd is a Hong Kong-based investment holding company principally engaged in cargo transportation business. The Company operates through five segments. The Cargo Transportation segment is engaged in shipping agency, river trade cargo direct shipment and transshipment, as well as container trucking. The Cargo Handling and Storage segment is engaged in wharf cargo handling, cargo consolidation and cargo storage. The Corporate and Other Businesses segment is engaged in investment holding, ferry terminal management services and other businesses. The Passenger Transportation segment is engaged in the provision of passenger transportation agency services, travel agency services and passenger transport services. The Fuel supply business is engaged in the Oil trading and marine bunkering service.