Brief: Cosco Shipping International (Hongkong) Says Unit To Subscribe For 48% Stake In An Entity

Cosco Shipping International (Hongkong)

31/03/2021 11:38

March 31 (Reuters) - Cosco Shipping International (Hongkong)
Co Ltd  0517.HK :
    * UNIT TO SUBSCRIBE FOR 48% STAKE IN ZHEJIANG FOUR BROTHERS
ROPE
    * SUBSCRIPTION BY WAY OF CAPITAL INJECTION INTO ZHEJIANG
FOUR
BROTHERS ROPE CO IN SUM OF RMB120 MILLION
    * POST COMPLETION, UNIT WILL BE ENTITLED TO APPOINT 3
DIRECTORS OF
ZHEJIANG FOUR BROTHERS ROPE

Source text for Eikon:  ID:nHKS2cWn21 
Further company coverage:  0517.HK 

 ((reuters.briefs@thomsonreuters.com))