COSCO SHIPPING Holdings Co (HK:1919) has released an update.
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COSCO SHIPPING Holdings Co. is set to transfer its 20.07% equity in Angang Auto Transport to COSCO SHIPPING Supply Chain for approximately RMB82.97 million. This transaction is part of connected transactions under the Hong Kong Listing Rules, and will remove COSCO’s stake in Angang Auto Transport. The deal highlights the company’s strategic asset reallocation within its controlled entities.
For further insights into HK:1919 stock, check out TipRanks’ Stock Analysis page.