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Shareholder meetings of COSCON parent company (China COSCO Holdings Co. Ltd.) and CSCL have officially approved the integration proposal
发布时间: 2016-02-14

February 01, 2016

 

Dear customers,

 

As you may be aware, shareholder meetings of China COSCO Holding Co. Ltd., the parent company of COSCON, and CSCL were held on February 1, 2016 to review a restructuring proposal (please refer to the announcement issued by COSCO and CSCL for details).

The fundamental purpose of the restructuring is to provide better products and services to our customers. After restructuring COSCON will have larger capacity, more services to offer, broader business and better optimized route network. It also means that the new COSCON will have more broad and in-depth opportunities to work with you.

 

In order to ensure smooth transition of the integration, the company hired intermediary agency in the past 3 months to plan thoughtfully in compliance with the law and regulations. The deal is expected to close in March and COSCON will officially enter an integration transitional period upon the closure of the deal. During the period, and after the deal is closed, COSCON will continue to serve its customers through the original channels. We commit to smooth transition and will maintain best service quality and business continuity as much as possible. Any changes and updates will be communicated upfront.

 

Any questions/inquiries regarding the integration, please contact your account manager or send an email to ir@cnshipping.com and we will follow up with the person responsible and reply ASAP.

 

Thank you for your support, as always.

 
 
About Us
Cosco Shipping Development Company Limited (formerly China Shipping Container Lines Company Limited), a specialized corporation affiliated to China COSCO Shipping Corporation Limited, is mainly involved in supply chain integrated financial services. It was established in 1997, with head office in Shanghai, the PRC, and is listed both in Hong Kong and Shanghai. The registered capital of the Company is RMB11.68 billion. As at June 30 2016, the Company had total assets of RMB101.29 billion.
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