COSCO Shipping Ports' (HKG:1199) subsidiary Sun Hope Investment Enterprise agreed to purchase a combined 30% stake in Thai company Hutchison Laemchabang Terminal from Hutchison Port Holdings and Sapphire Terminal (Thailand).
The subsidiary also agreed to purchase 12.5% of the entire issued share capital of Thailand-based Thai Laemchabang Terminal from Sapphire, a Wednesday Hong Kong bourse filing said.
The total consideration for amount $110 million and will be funded through the company's internal resources.
Price (HKD): $4.76, Change: $+0.040, Percent Change: +0.85%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments