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Cosco Shipping Holdings to Contribute 1 Billion Yuan to Capital Increase for 10% Shareholding in SAIC Anji Logistics
Is COSCO SHIPPING Holdings Co., Ltd. (HKG:1919) Potentially Undervalued?
COSCO Shipping Holdings (01919.HK) subscribes to 10% of the shares of Anji Logistics.
On December 6, Glorious Group announced that cosco shipping holdings (01919.HK) signed a capital increase agreement and shareholder agreement with Anji Logistics, shanghai international port, and existing shareholders of Anji Logistics on December 6, 2024. According to the capital increase agreement, the company and shanghai international port agree to contribute 1 billion yuan (equivalent to approximately 1.083 billion HKD) in accordance with the terms and conditions set out in the agreement, respectively subscribing for an additional registered capital of 75 million yuan (equivalent to approximately 81.2392 million HKD) of Anji Logistics. Before the completion of the capital increase, the group did not hold any shares in Anji Logistics. After the completion of the capital increase, the group will
Cosco Shipping Holdings (01919.HK) spent 13.32 million Hong Kong dollars to repurchase 1.18 million shares on December 5th.
On December 5th, Gelonghui reported that cosco shipping holdings (01919.HK) announced the purchase of 1.18 million shares at a cost of 13.32 million HKD on December 5th.
On December 4th, cosco shipping holdings spent 7.085 million Hong Kong dollars to repurchase 0.623 million shares.
Gelonghui December 4th, Cosco Shipping Holdings (01919.HK) announced that it spent 7.085 million Hong Kong dollars on December 4th to repurchase 0.623 million shares.
COSCO Shipping Holdings (01919.HK) spent 8.489 million Hong Kong dollars to buy back 0.75 million shares on December 3.
Gelonghui reported on December 3rd that cosco shipping holdings (01919.HK) announced that on December 3rd, it spent 8.489 million Hong Kong dollars to repurchase 0.75 million shares.