COSCO SHIPPING Holdings Co ( (HK:1919) ) just unveiled an announcement.
COSCO SHIPPING Holdings Co., Ltd. has announced a proposed provision of guarantees mandate to support its operational, investment, and financing needs. The company plans to seek approval from shareholders at the upcoming Annual General Meeting to provide guarantees up to US$4.355 billion, covering its subsidiaries and associated companies. This move is aimed at strengthening the company’s financial stability and operational capabilities, potentially enhancing its market position and reassuring stakeholders of its commitment to sustainable growth.
More about COSCO SHIPPING Holdings Co
COSCO SHIPPING Holdings Co., Ltd. is a major player in the shipping and logistics industry, primarily engaged in container shipping and terminal operations. The company focuses on providing comprehensive shipping services and operates through its subsidiaries and joint ventures, with a significant presence in international markets.
YTD Price Performance: -2.53%
Average Trading Volume: 1,712
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $30.03B
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