Investor
Relations
Multimedia
COSCO SHIPPING International (Singapore) Co., Ltd. (“COSCO SHIPPING” or the “Company” and together with its subsidiaries, the “Group”) aims to become the best-integrated logistics service provider in South and Southeast Asia. The Company is also involved in dry bulk shipping, ship repair and marine engineering, as well as property management.
News
Acquisition Of Approximately 40.0% Interest In The Registered Capital Of Cosco (Dalian) Shipyard Co., Ltd From Cosco Industrial Investments Ltd For A Consideration Of US$18, 125, 359 To Be Satisfied In Cash
On 23 April 2003, the Board of Directors of Cosco Investment (Singapore) Limited (the "Company") announced that it had entered into a conditional sale and purchase agreement with Cosco Industrial Investments Ltd (the "Vendor") for the acquisition of approximately 40.0% interest in the registered capital of Cosco (Dalian) Shipyard Co., Ltd for a consideration of US$18,125,359 to be satisfied in cash (the "Acquisition").
The Board of Directors of the Company is pleased to announce that the Acquisition has been completed today.
BY ORDER OF THE BOARD
COSCO INVESTMENT (SINGAPORE) LIMITED
Yao Hong
Director