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The latest update is out from COSCO SHIPPING Energy Transportation Co ( (HK:1138) ).
COSCO SHIPPING Energy Transportation has agreed that its wholly owned subsidiary Dalian COSCO Energy will acquire the entire equity interest in COSCO SHIPPING Investment Dalian from its controlling shareholder for a consideration of about RMB1.585 billion, based on an appraised asset value. The acquisition, treated as a connected and discloseable transaction under Hong Kong Listing Rules, is subject to independent shareholder approval at a general meeting, with a detailed circular and independent financial advice to be sent to investors by 4 June 2026.
The deal will transfer all profits and losses of the target company during the transition period to Dalian COSCO Energy, potentially consolidating more assets under the listed energy transportation arm and refining group structure. As part of regulatory safeguards, the transaction triggers notification, announcement, circular, and annual reporting requirements, and COSCO SHIPPING and its associates must abstain from voting, underscoring governance and minority shareholder protection in this intra-group restructuring.
The most recent analyst rating on (HK:1138) stock is a Buy with a HK$26.00 price target. To see the full list of analyst forecasts on COSCO SHIPPING Energy Transportation Co stock, see the HK:1138 Stock Forecast page.
More about COSCO SHIPPING Energy Transportation Co
COSCO SHIPPING Energy Transportation Co., Ltd. is a PRC-incorporated shipping company focused on energy transportation, operating a fleet that serves the seaborne movement of oil and related energy commodities. The company is listed in Hong Kong and maintains close ties with its controlling shareholder, China COSCO Shipping Corporation and its subsidiaries, which together hold a significant stake in its A shares.
YTD Price Performance: 88.33%
Average Trading Volume: 41,430,640
Technical Sentiment Signal: Buy
Current Market Cap: HK$120.7B
For detailed information about 1138 stock, go to TipRanks’ Stock Analysis page.