China Merchant Loscam has successfully introduced two new strategic shareholders, CITIC Capital Holdings Ltd. And FountainVest Partners. This comes following the completion of the restructuring of state-owned enterprises mixed ownership reform. China Merchants Group fully acquired Loscam in 2010 and has helped Loscam on its way to becoming Asia-Pacific’s largest pallet pooling company.
The decisions to restructure and introduce new shareholders is a major strategic decision to further strengthen the ownership structure of Loscam and prolong successes. The new investors bring new knowledge and experience that will support the company’s long-term expansion plans. Although the company’s day to day operations will continue as per usual, a new board of directors will spearhead decision making.
Loscam introduces new strategic shareholders.
