COSCO SHIPPING International (Hong Kong) Co (HK:0517) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
COSCO SHIPPING International (Hong Kong) Co., Ltd. has announced the voluntary liquidation of its non-wholly owned subsidiary, COSCO Kansai Paint & Chemicals (Tianjin) Co., Ltd., to optimize asset structure and market competitiveness in coatings production. The liquidation is expected to have no material adverse impact on the group’s financials, and the business will be absorbed by other subsidiaries. Shareholders are advised to exercise caution when dealing with the company’s securities.
For further insights into HK:0517 stock, check out TipRanks’ Stock Analysis page.
