COSCO Shipping Ports Acquiring Minority Stakes in Thai Firms

MT Newswires Live

2024/10/24

COSCO Shipping Ports' (HKG:1199) subsidiary Sun Hope Investment Enterprise agreed to purchase a combined 30% stake in Thai company Hutchison Laemchabang Terminal from Hutchison Port Holdings and Sapphire Terminal (Thailand).

The subsidiary also agreed to purchase 12.5% of the entire issued share capital of Thailand-based Thai Laemchabang Terminal from Sapphire, a Wednesday Hong Kong bourse filing said.

The total consideration for amount $110 million and will be funded through the company's internal resources.

Price (HKD): $4.76, Change: $+0.040, Percent Change: +0.85%

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