China Foreign Trade Transportation (Group) Co., Ltd. is the predecessor of Sinotrans Changhang Group Co., Ltd., which was established in 1950. Sinotrans is the largest international freight forwarding company, the largest air freight and international express forwarding company, the second largest shipping agency and the third largest shipping company in China.
The State-owned Assets Supervision and Administration Commission of the State Council (ministerial level) was established in accordance with the Notice of the State Council on Organization Establishment. The State-owned Assets Supervision and Administration Commission of the State Council is a ministerial-level unit, so Sinotrans belongs to the competent unit under its jurisdiction, so it can rely on the deputy ministerial level at the administrative level.
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Sinotrans Development released a report (draft) on the merger of Sinotrans and Sinotrans. Sinotrans absorbed and merged the development of Sinotrans by way of share swap. Upon completion, Sinotrans, as a surviving company, will terminate its listing and cancel its legal person status through all assets, liabilities, business, contracts, qualifications, personnel and all other rights and obligations developed by Sinotrans.
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