Shares of CIMC, Singamas Fall Following DOJ Indictment -- Market Talk
Dow Jones
May 21
0949 GMT - Shares of two Chinese shipping container firms fell after they issued statements in response to charges by the U.S. Justice Department. China International Marine Containers fell 10% in Shenzhen and Singamas Container Holdings lost 14%. The DOJ said Tuesday that it indicted four shipping container manufacturers, including CIMC and Singamas, alleging that they conspired to restrict the output and fix prices of shipping containers for at least four years. The firms added that business operations remain unaffected and will respond to the charges in due course. (jason.chau@wsj.com)
(END) Dow Jones Newswires
May 21, 2026 05:49 ET (09:49 GMT)
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