Florens in talks

FLORENS Group says no agreement has been reached with its controlling shareholder, COSCO (Hong Kong) Group, over a possible acquisition of a 50 per cent interest in COSCO-HIT Terminals (Hong Kong) but preliminary discussions have started.

COSCO-HIT is a private company operating two berths on the east side of container Terminal Eight at Kwai Chung.

Florens said it was considering financing alternatives should the proposed acquisition go ahead.