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Chu Kong Shipping Enterprises to Acquire 51% Stake in Kaiping City Industrial Investment Freight
chu kong ship (00560.HK) subsidiary capital increase to invest in Kaiping City Gongtou Freight Port Limited for the construction of Sanbu New Port.
Geelong October 15th, Chu Kong Ship (00560.HK) announced that the company had previously issued a voluntary announcement regarding the expropriation of land for the Sanbu Port, the investment and construction of the Sanbu New Port project, and the public bidding results. Following the successful bid in the public bidding, on October 15, 2024, the company's non-wholly-owned subsidiary Chu Kong Inland River (as the subscriber) entered into a capital increase and equity agreement with the existing shareholders and the target company (i.e. Kaiping Gitic Logistics Port Limited). Therefore, Chu Kong Inland River agreed to subscribe and the existing shareholders of the target company as well as the target company agreed to issue the subscription shares, at a price of approximately 1.1 billion yuan.
Express News | Chu Kong Shipping Enterprises Group Co Ltd - Proposed Deal for RMB 114.6 Mln
Chu Kong Shipping (00560) appoints Deng Yihai as an independent non-executive director.
chu kong ship (00560) announced that, after the review and recommendation by the company's nomination committee, the board of directors decided to appoint Deng Yihai as the company's sole...
Why Oil and Gas Markets Are Dreading the Risk of Supply Disruption in the Strait of Hormuz
Major bank rating | JPMorgan: Industry forecasts show that future shipping demand will slow down in the coming months, lowering Orient Overseas target price to HK$166.
According to the industry forecast, the demand is expected to slow down in the coming months, but it is anticipated that freight rates in the fourth quarter will not have a significant adjustment. Looking ahead to 2025, the industry's supply and demand imbalance situation may improve.
