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Hong Kong stock market anomaly | Cosco Shipping Intl (00517) up nearly 5%, plans to liquidate and close Cosco Kansai (Tianjin).
Cosco Shipping International (00517) rose nearly 5%, as of press time, rose 4.83%, reported 14.30 Hong Kong dollars, with a turnover of 92,004,300 Hong Kong dollars.
COSCO SHIPPING International (00517.HK) plans to liquidate COSCO West Kansai (Tianjin).
On June 28, COSCO Ship Intl. (00517.HK) announced that it is a shareholder of its non-wholly-owned subsidiary, COSCO Kansai Paint & Chemical (Tianjin) Co., Ltd. ("COSCO Kansai (Tianjin)"). The company, along with the other shareholders, has established a liquidation team through a resolution passed on June 28, 2024, to voluntarily liquidate COSCO Kansai (Tianjin) in accordance with applicable laws and regulations of China. COSCO Kansai (Tianjin), a limited liability company established in China, is mainly engaged in the production and sale of coatings. As of the date of this announcement, the company owns 63.07% of COSCO Kansai (Tianjin).
Cosco Ship Intl (00517.HK) appointed Ma Xianghui as a non-executive director.
Cosco Ship Intl (00517.HK) announced on June 26th that Ma Xianghui has been appointed as a non-executive director and a member of the company's risk management committee from June 26th, 2024.
GTJA: Differentiated market impact on shipping, short-term freight rates fall without changing the medium-term upward trend.
The recent expected changes in oil prices are affecting trade pace. The short-term freight rates are expected to fall temporarily but the medium-term trend is still upward. In the second half of the year, the marginal impact of Middle East production cuts will weaken, and the rigidity of supply during the peak season will be highlighted. The economy is expected to improve and performance is expected to grow.
COSCO SHIPPING International (00517): Chen Dong retires as non-executive director
Zhitong Finance App News, COSCO SHIPPING International (00517) announced that Chen Dong retired as a director at the Annual General Meeting of Shareholders due to job changes and will not be re-elected at the Annual General Meeting of Shareholders. According to the announcement, Chen Dong retired as a non-executive director of the company after the annual shareholders' meeting and therefore no longer serves as a member of the company's risk management committee.
COSCO SHIPPING International (00517.HK): Non-executive director Chen Dong retires as non-executive director due to job change
Gelonghui, May 24 | COSCO SHIPPING International (00517.HK) announced that due to job changes, non-executive director Chen Dong will be re-elected as a member of the company's risk management committee on a rotational basis in accordance with the company's articles of association and will not be held at the annual general meeting of shareholders to be held on May 31, 2024) and will therefore no longer serve as a member of the company's risk management committee.
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Xunting Wu : COSCO Offshore Holdings is currently HK$12.54. Why is the target price 7.6?