MELL ACQUIRED BY PIL
Pacific International Lines, the 18th largest shipping company in the world, took major shareholder status in Marianas Express Lines (MELL) last March 10th, effectively buying out the Au family’s stake in the business. Luen Thai Holdings Limited (0311.HK), of which CTSI Logistics is a subsidiary, still retains its minority stakeholdership in MELL. MELL is a […]