COSCO Shipping forms smart supply chain joint venture in Pearl River Delta

COSCO Container (Hong Kong), a wholly-owned subsidiary of COSCO Shipping Holdings, is partnering with COSCO Shipping Logistics (Guangzhou), Shenzhen Port Logistics Group, and CCCC Fourth Harbour to establish Shenzhen COSCO Shipping Smart Supply Chain Co., Ltd. The joint venture will have a registered capital of RMB1 bn. COSCO Container (Hong Kong) will contribute RMB370m, securing a 37% equity interest.

The remaining contributions include RMB300m from COSCO Shipping Logistics (Guangzhou) (30% equity), RMB230m from Shenzhen Port Logistics Group (23% equity), and RMB100m from CCCC Fourth Harbour (10% equity). Capital contributions will be made in two installments, with the first within six weeks of registration and the second by the end of November 2025.

This transaction is categorized as a connected transaction under Hong Kong Listing Rules. While subject to reporting and announcement requirements, it is exempt from a circular and independent shareholders' approval. The new entity will enhance integrated supply chain services, including warehousing, cold chain storage, and freight forwarding in the Yantian Port area.