COSCO SHIPPING Energy Transportation Co (HK:1138) has released an update.
COSCO SHIPPING Energy Transportation Co. has established a management system for external guarantees to standardize procedures, control risks, and protect investor interests, adhering to various Chinese laws and corporate governance codes. The system defines what constitutes an external guarantee and sets principles such as equality, integrity, and legal compliance. It also mandates board or general meeting approval before any guarantees are provided, underscoring a commitment to strict and prudent oversight.
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