COSCO SHIPPING subsidiary boosts stake in Shenzhen-Shantou Port

COSCO SHIPPING Specialized Carriers' wholly-owned subsidiary, Yangpu COSCO SHIPPING Specialized Carriers Co., Ltd., will invest 25,847.6 million yuan in Guangdong Yantian Port Shenzhen-Shantou Port Investment Co., Ltd. The initial investment of 14,709.5 million yuan secures a 20% equity stake, with a subsequent pro-rata capital increase of 11,138.1 million yuan. This move aims to strengthen logistics infrastructure in Southern China and enhance the company's specialized vessel operations.

Separately, COSCO SHIPPING Specialized Carriers has renewed its financial services agreement with COSCO SHIPPING Group Finance Co., Ltd., effective from 2026 to 2028. The agreement sets daily maximum transaction limits of 100 billion yuan for deposit and loan services and an annual limit of 0.1 billion yuan for other financial services. This agreement is subject to shareholder approval, with related parties abstaining from voting.

The company's independent directors and board have approved both transactions, which are structured to be fair and do not harm the interests of shareholders. These strategic moves reflect COSCO SHIPPING Specialized Carriers’ commitment to expanding its port network and securing financial operational stability.