COSCO SHIPPING Ports (HK:1199) has released an update.
COSCO SHIPPING Ports has announced its entry into several New Master Agreements, extending its partnerships with key players like Maersk and CMA CGM for three years starting January 2025. These agreements, which include the provision of terminal services, are part of the company’s ongoing strategy to continue similar transactions as per the expiring agreements. While some agreements require Independent Shareholders’ approval, others are exempt, highlighting COSCO’s strategic maneuvering in the connected transactions landscape.
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