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Cosco Shipping Holdings subscribed 1 billion yuan to subscribe for 10% equity of Anji Logistics.
COSCO Shipping Holdings (01919) announced that on December 6, 2024, the company entered into a capital increase agreement and a shareholder agreement with Anji Logistics, Shanghai International Port, and the current shareholders of Anji Logistics. According to the capital increase agreement, the company and Shanghai International Port agreed to contribute 1 billion yuan (approximately 1.083 billion Hong Kong dollars) respectively in accordance with the terms and conditions of the capital increase agreement, and to subscribe to an additional registered capital of 75 million yuan (approximately 81.2392 million Hong Kong dollars) in Anji Logistics. Before the completion of the capital increase, the group did not hold shares in Anji Logistics. After the completion of the capital increase, the group will hold 10% of the shares in Anji Logistics.
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