Cosco Shipping International (HongKong) Co. Ltd. has announced a capital increase in its joint venture with COSCO SHIPPING Technology Co., Ltd. Under the terms of the transaction, Cosco Shipping International will increase its equity interest in the joint venture from 51% to 80%, while COSCO SHIPPING Technology’s stake will decrease from 49% to 20%. The capital increase will be satisfied by Cosco Shipping International’s injection of capital and COSCO SHIPPING Technology’s transfer of the SMART SAILING Platform and a cash contribution. The transaction constitutes a discloseable and connected transaction under the Hong Kong Listing Rules, with the acquisition of the additional equity interest by Cosco Shipping International exceeding the 5% threshold but remaining below 25%. The transaction is subject to reporting and announcement requirements but is exempt from independent shareholders’ approval.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cosco Shipping International (HongKong) Co. Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260105-11980188), on January 05, 2026, and is solely responsible for the information contained therein.
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