On December 8, SIPG, COSCO Shipping and other enterprises jointly initiated the establishment of China's state-owned enterprise mixed ownership reform fund Co., LTD.
The registered capital of the company is 70.7 billion yuan, and SIPG plans to invest 750 million yuan.
COSCO SHIPPING holds 3,476,051,198 shares, accounting for 15.00% of SIPG's total share capital. COSCO Shipping is a related party of SIPG.
This move is conducive to further strengthening the close cooperation between SIPG and other state-owned capital enterprises, and lays a good foundation for all parties to achieve in-depth industrial and financial cooperation in the future.
Source: Sarah Yu, XINDE MARINE NEWS
The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
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