COSCO Rolls Out Shipping Financial Platform
By Aiswarya Lakshmi
Saturday, June 4, 2016
China COSCO Shipping Co. Ltd (China COSCO Shipping) officially inaugurated the company “COSCO shipping Financial Holdings Limited (COSCO shipping Financial) in Hong Kong.
It was former China Shipping (Hong Kong) Holdings, reports Sinocast.
The formation of Cosco Shipping Financial followed the completion of the merger between China Cosco Group and China Shipping Group in February this year to become Coscocs.
COSCO Shipping Financial Holdings, together with China Shipping Container Lines, will form a financial holding platform of China COSCO Shipping Corporation.
Its businesses include ship leasing, container leasing and manufacturing, non-shipping business, equity investment, internal financial services, banking equities and insurance business.
Meanwhile, China Shipping Container Lines and China Shipping Development Corp also said that their controlling shareholder China Shipping (Group) Company was organizing major issues and their stocks would also be halted from trading from August 10.