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

MT Newswires Live

2024/12/23

Cosco Shipping Holdings' (HKG:1919, SHA:601919) subsidiary Cosco Shipping Lines agreed to purchase 12% of the equity interests in Cosco Shipping Logistics and Supply Chain Management for 2.14 billion yuan, a Friday Hong Kong bourse filing said.

The seller is the indirect controlling shareholder of the company, China Cosco Shipping.

After the completion, Cosco Shipping Lines will hold 19% of the equity interests in the target and will pay the acquisition consideration through its own funds.

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