Following the formation of an alliance with five other logistics companies in January, Shanghai Airlines took a further step toward strengthening its position in a city that commands 70% of the Chinese freight market through the injection of CNY260 million ($37.2 million) into its SAL Cargo International subsidiary. Launched in 2006, SAL Cargo had registered capital of CNY124.1 million, of which SAL invested CNY68.2 million to hold a 55% stake while Sino Prime Ltd. and Juniper Estate held ...

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