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COSCO SHIPPING Ports Ltd (1199.HK)

1199.HK on Hong Kong Stock

29 Mar 2017
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HK$0.04 (+0.48%)
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Latest Key Developments (Source: Significant Developments)

Cosco Shipping Ports says unit enters concession agreement in relation to Khalifa Port Container Terminal 2
Wednesday, 28 Sep 2016 06:04am EDT 

Cosco Shipping Ports Ltd <1199.HK> : Cosco Ship Port-discloseable Transaction - Concession Agreement In Relation To Khalifa Port Container Terminal 2 . Cspl spv, a wholly-owned subsidiary of company, entered into concession agreement . Expected that a joint venture company will be established by cspl spv and ad ports . Total consideration payable of approximately us$738 million for the deal . Agreement in connection with construction, management and operation of kpct2. . Estimated capital expenditure of approximately us$322 million in present value terms .Will finance capital requirements of kpct2 by combination of its internal resources and external bank borrowings.  Full Article

COSCO Pacific enters into new financial services master agreement<1199.HK>
Thursday, 25 Aug 2016 07:32am EDT 

COSCO Pacific Ltd <1199.HK>: Ship port-discloseable transaction and continuing connected transaction - new financial services master agreement <1199.HK> . Company entered into the new financial services master agreement on 25 August 2016 with Cosco Finance . Deal for a term of 3 years, from 1 January 2017 to 31 December 2019 (both dates inclusive .  Full Article

COSCO Pacific HY profit falls 8.1 pct<1199.HK>
Wednesday, 24 Aug 2016 12:09am EDT 

COSCO Pacific Ltd <1199.HK>: HY group's revenue fell by 0.6 pct to US$275 million . HY profit attributable to equity holders of the company dropped by 8.1 pct to US$171.9 million . Interim dividend of hk18.0 cents per share has been declared . Ocean Alliance expected to commence operation officially in April 2017 .  Full Article

COSCO Shipping Ports updates on concession agreement<1199.HK>
Wednesday, 17 Aug 2016 06:19am EDT 

COSCO Shipping Ports Ltd <1199.HK>: Continuing connected transaction <1199.HK> . Concession is for an initial term of 30 years . Ppa has granted a concession to percent for the development, operation and utilisation of pier 2 . Percent has agreed to construct and put into operation, on behalf of PPA, a new oil pier on the southern part of pier 3 of the Piraeus port .  Full Article

COSCO Pacific says entered into a share sale and purchase agreement<1199.HK>
Wednesday, 11 May 2016 10:40am EDT 

COSCO Pacific Ltd <1199.HK>: Discloseable transaction - acquisition of equity interest in a container terminal in Rotterdam . CPR and the company entered into a share sale and purchase agreement with ECT participations . The consideration for the acquisition, which amounted to a total of EUR 125.43 million .  Full Article

Cosco Pacific Ltd enters into equipment sale and lease termination agreement
Thursday, 17 Mar 2016 07:21am EDT 

Cosco Pacific Ltd:Pursuant to the Lease Agreement, CBA USD Investments agreed to lease to Florens and Florens agreed to lease from CBA USD Investments the Containers.As a condition of the Lease Agreement, the Company entered into the Guarantee in favour of CBA USD Investments.Under which the Company guaranteed to CBA USD Investments the due and punctual payment of all outstanding sums owed by Florens and all obligations of Florens under the Lease Agreement.CBA USD Investments, Florens and the Company entered into the Termination Agreement on 17 March 2016.Pursuant to which CBA USD Investments agreed to sell to Florens and Florens agreed to purchase from CBA USD Investments the Containers.Says purchase at the Purchase Price and that the leases of the Containers created under the Lease Agreement be terminated.  Full Article

Cosco Pacific Ltd and rest investors delay acquisition of Piraeus Port - Reuters
Thursday, 19 Nov 2015 02:13am EST 

Cosco Pacific Ltd:Greece pushes back the date for the submission of binding bids for the sale of its biggest port Piraeus by two weeks to Dec. 15 upon investor request, says the head of its privatisation agency -Reuters.China's Cosco Group, Danish container terminal operator APM Terminals and Philippines-based International Container Terminal Services were to submit bids on Dec. 3 for a 51 percent stake in OLP.Investors have asked for a two-week extension... to have enough time to check (the company's) financial data, the head the privatisation agency, Stergios Pitsiorlas says.  Full Article

Cosco Pacific Ltd declared an interim dividend
Monday, 24 Aug 2015 09:33pm EDT 

Cosco Pacific Ltd:Declared an interim dividend of HK17.3 cents (corresponding period of 2014: HK15.6 cents) per share for the six months ended 30 June 2015, with an option to receive new fully paid shares in lieu of cash.The interim dividend will be payable to shareholders whose names appear on the register of members of the Company on Monday, 14 September 2015.  Full Article

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Deals of the day-Mergers and acquisitions

Jan 23 The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Monday: