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Express News | COSCO Shipping Holdings - Deal for RMB2.14 Bln
Express News | COSCO Shipping Holdings Says Unit Plans to Buy 12% Stake in COSCO Shipping Logistics Supply Chain at 2.1 Bln Yuan
COSCO Shipping Holdings (601919.SH): plans to acquire 12% of the equity of COSCO SHP SG for 2.143 billion yuan.
On December 20, Gelonghui reported that COSCO Shipping Holdings (601919.SH) announced that its wholly-owned subsidiary, COSCO SHP SG, signed an "Equity Transfer Agreement" with COSCO Shipping Group on December 20, 2024, to acquire 12% of the equity of COSCO Shipping Supply Chain from COSCO Shipping Group for 2.143 billion yuan. After this Trade is completed, COSCO SHP SG's holding in COSCO Shipping Supply Chain will increase from 7% to 19%, becoming the second largest Shareholder of COSCO Shipping Supply Chain.
Are Transportation Stocks Lagging China Cosco (CICOY) This Year?
Selected announcements | CHINAHONGQIAO expects annual Net income to nearly double year-on-year; GOLDLION HOLD receives a premium for privatization, resuming trading today.
CHINAHONGQIAO expects that the Net income for the year ending December 31, 2024, may increase by around 95% year-on-year; China Coal Energy's Commodity coal sales for the first 11 months were 0.256 billion tons, showing a decrease of 1.9% year-on-year; November sales were 25.8 million tons, representing a year-on-year increase of 11.4%.
COSCO Shipping Holdings (01919.HK) spent 25.3657 million Hong Kong dollars to repurchase 2.032 million shares on December 17.
Gelonghui reported on December 17 that COSCO Shipping Holdings (01919.HK) announced the repurchase of 2.032 million shares on December 17, 2024, at a cost of 25.3657 million Hong Kong dollars, with a repurchase price of 12.4-12.52 Hong Kong dollars per share.