CJ Logistics "Considering Sale of Subsidiary CJ Lokin"
[Asia Economy Reporter Jang Hyowon] CJ Logistics announced on the 7th that it is considering the sale of CJ Lokin. CJ Lokin is a Chinese logistics subsidiary.
According to a CJ Logistics official, the company is reviewing the sale of CJ Lokin to partially adjust its portfolio related to its China business. However, it stated that it is not downsizing its China operations.
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Meanwhile, at the end of 2015, CJ Logistics acquired a 71.4% stake in Lokin, the largest frozen logistics company in China, for 455 billion KRW and established CJ Lokin.
This content was produced with the assistance of AI translation services.
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