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COSCO SHIPPING Energy Acquires Guangzhou Property
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COSCO SHIPPING Energy Acquires Guangzhou Property

COSCO SHIPPING Energy Transportation Co (HK:1138) has released an update.

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COSCO SHIPPING Energy Transportation Co., Ltd. has announced a connected transaction involving the acquisition of a property in Guangzhou for RMB124.18 million. This strategic move sees the company purchasing office space that has not previously generated income, enhancing its asset portfolio without the need for shareholder approval due to specific listing rule exemptions.

For further insights into HK:1138 stock, check out TipRanks’ Stock Analysis page.

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