COSCO SHIPPING Energy Transportation Co (HK:1138) has released an update.
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COSCO SHIPPING Energy Transportation Co., Ltd. is expanding its operations through strategic acquisitions and management agreements, involving the purchase of equity interests in various companies and assets, including vessels and a 100% stake in COSCO SHIPPING Chemical Carrier. These moves are poised to enhance the company’s asset portfolio and are considered connected transactions since they involve entities controlled by COSCO SHIPPING, the company’s controlling shareholder.
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