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Cosco Shipping Subsidiary to Buy Another 12% Stake in Cosco Shipping Logistics and Supply Chain Management
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.
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