COSCO SHIPPING Holdings Co (HK:1919) has released an update.
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COSCO SHIPPING Holdings Co. has entered into an agreement to acquire a 10% stake in Anji Logistics, investing RMB75 million alongside SIPG. This strategic move enhances COSCO’s portfolio without consolidating Anji Logistics’ financials into its own. The transaction marks a connected deal under Hong Kong Listing Rules, highlighting COSCO’s growth initiatives.
For further insights into HK:1919 stock, check out TipRanks’ Stock Analysis page.