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An announcement from COSCO SHIPPING Energy Transportation Co ( (HK:1138) ) is now available.
COSCO SHIPPING Energy Transportation Co., Ltd. announced that all resolutions put to shareholders at its extraordinary general meeting held in Shanghai on 27 January 2026 were duly approved by poll. Due to COSCO SHIPPING and its wholly owned subsidiary China Shipping’s significant shareholding and involvement in certain shipbuilding contracts, they and their associates abstained from voting on the related resolutions, leaving approximately 2.9 billion shares eligible to vote, of which about 699 million shares were actually represented at the meeting, reflecting a participation rate of roughly 12.8% of total share capital; all directors attended the meeting, and the voting process was overseen by an independent scrutineer, signaling procedural compliance and shareholder backing for the company’s proposed transactions.
The most recent analyst rating on (HK:1138) stock is a Buy with a HK$15.00 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, Hong Kong-listed shipping company focused on energy transportation, primarily operating in the seaborne carriage of oil and related energy commodities. The company issues both A shares and H shares and forms part of the broader COSCO SHIPPING group, giving it a significant position in China’s state-linked maritime and energy logistics sector.
Average Trading Volume: 27,769,270
Technical Sentiment Signal: Buy
Current Market Cap: HK$88.59B
For a thorough assessment of 1138 stock, go to TipRanks’ Stock Analysis page.