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China’s SITC aims to buy logistics firms in South-East Asia, including Malaysia, in 2018


SHANGHAI: Chinese shipping conglomerate SITC International Holdings Co Ltd is looking for logistic companies to buy in Thailand, Vietnam, Philippines, Malaysia and Indonesia, the company’s CEO said on Wednesday.

“We’re focusing on... those (targets) that are connected to our business,” SITC’s Yang Xianyang told Reuters in an interview, adding that none of the talks are in final stages.

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