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Cosco Shipping Development Co Ltd (2866.HK)

2866.HK on Hong Kong Stock

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Latest Key Developments (Source: Significant Developments)

COSCO Shipping Development says unit entered into vessel assignment agreements
Thursday, 4 May 2017 10:47am EDT 

May 4 (Reuters) - Cosco Shipping Development Co Ltd <601866.SS>::Unit and COSCO Mercury entered into 13,500 TEU vessel assignment agreements for assignment of 13,500 TEU shipbuilding contracts.Consideration payable by COSCO Mercury under 13,500 TEU vessel assignment agreements is estimated to be about $109.7 million.Unit as assignor and COSCO Mercury entered into 21,000 TEU vessel MOA for assignment of 21,000 teu shipbuilding contracts.Consideration payable by COSCO Mercury under 21,000 TEU vessel memoranda of agreement is estimated to be about $98.3 million.  Full Article

Cosco Shipping Development entered into management services agreement
Friday, 28 Apr 2017 09:50am EDT 

April 28 (Reuters) - Cosco Shipping Development Co Ltd <601866.SS>::Entered into management services agreement for a fee of up to RMB80 million.company to provide management services in respect of CS financial and target equities for a term of three years.  Full Article

Cosco Shipping Development qtrly net profit RMB347.5 mln
Friday, 28 Apr 2017 07:21am EDT 

April 28 (Reuters) - Cosco Shipping Development Co Ltd <601866.SS> ::Qtrly net profit attributable RMB347.5 million versus loss of RMB859.5 million.Qtrly revenue RMB3.73 billion versus RMB5.32 billion.  Full Article

COSCO Shipping Development announces issuance of 2.34 bln shares
Thursday, 20 Apr 2017 11:42am EDT 

April 20 (Reuters) - Cosco Shipping Development Co Ltd <601866.SS>::Issuance of 2.34 billion shares to raise gross proceeds of up to rmb8.6 billion.As part of revised proposed non-public issuance of a shares, on 20 april, co entered into subscription agreement with cosco shipping.Pursuant to revised issuance of a shares, co will issue maximum of 2.34 billion a shares to not more than 10 specific target subscribers.  Full Article

Cosco Shipping Development enters termination agreement with China Shipping
Thursday, 20 Apr 2017 11:28am EDT 

April 20 (Reuters) - Cosco Shipping Development 2866.HK:Entered into termination agreement with China Shipping to terminate CS subscription agreement & CS subscription.Entered into a subscription agreement with China Cosco Shipping Corporation Limited.Cosco Shipping to subscribe for, co to issue, 50% of total number of a shares to be issued under revised proposed non-public issuance of a shares.  Full Article

COSCO Shipping Development says change of accounting policy
Monday, 3 Apr 2017 02:58am EDT 

COSCO Shipping Development Co Ltd <601866.SS> :Says it changed the accounting policy due to national policy requirement.  Full Article

COSCO Shipping Development says no dividend payment for FY 2016
Monday, 3 Apr 2017 02:00am EDT 

COSCO Shipping Development Co Ltd <601866.SS> :Says no dividend payment for FY 2016.  Full Article

Cosco Shipping Development returns to net profit in 2016
Thursday, 30 Mar 2017 10:15am EDT 

COSCO Shipping Development Co Ltd <601866.SS><2866.HK> :Says it returns to net profit of 368.6 million yuan ($53.51 million) in 2016.  Full Article

Cosco Shipping Development enters capital increase agreement
Friday, 20 Jan 2017 08:18am EST 

Cosco Shipping Development Co Ltd <601866.SS> : Entered into capital increase agreement with China Shipping and CS Energy .Pursuant to deal China Shipping, co and CS Energy have agreed to increase registered capital of cs finance company by RMB600 million.  Full Article

Cosco Shipping Development says CBRC granted approval for acquisition of shares in China Bohai Bank
Tuesday, 3 Jan 2017 08:20am EST 

Cosco Shipping Development Co Ltd <601866.SS> :On 30 Dec , CBRC granted approval for acquisition of 1.16 billion shares in China Bohai Bank Co by China Shipping Investment Co.  Full Article

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