Brief: Cosco Shipping International (Hongkong) Says Formation Of Joint Venture

Cosco Shipping International (Hongkong)

29/12/2023 14:51

Dec 29 (Reuters) - Cosco Shipping International
(Hongkong) Co Ltd  0517.HK :
    * FORMATION OF JOINT VENTURE
    * REGISTERED CAPITAL OF JOINT VENTURE SHALL BE RMB1,000
MILLION
    * CO ENTERED INTO A COOPERATION AGREEMENT WITH JILIN
ELECTRIC
POWER AND SHANGGANG ENERGY
    * JILIN ELECTRIC POWER SHALL CONTRIBUTE RMB550 MILLION IN JV
    * SHANGGANG ENERGY SHALL CONTRIBUTE RMB100 MILLION IN JV
    * CO SHALL CONTRIBUTE RMB350 MILLION IN JV


Further company coverage:  0517.HK 

 ((Reuters.Briefs@thomsonreuters.com;))