COSCO Shipping International explained

COSCO Shipping International (Hong Kong) Co., Ltd.
Type:listed
Traded As:HKEX:
Foundation:1991
Predecessor:Shun Shing Construction
Area Served:Worldwide
Industry:Shipping
Revenue Year:2019
Net Income: HK$331 million
Net Income Year:2019
Assets: HK$9377 million
Assets Year:2019
Equity: HK$7926 million
Equity Year:2019
Parent:COSCO Shipping (via COSCO Shipping HK)
Subsid:Shun Shing Construction (sold)
Owner:COSCO Shipping HK (66.12%)
Footnotes:in consolidated financial statements[1]

COSCO Shipping International (Hong Kong) Co., Ltd., stylized as COSCO SHIPPING International, and formerly COSCO International Holdings Limited, is a Hong Kong listed company and an indirect subsidiary of COSCO Shipping. It engages in ship trading and supplying services. It is headquartered in Hong Kong and it is listed in the Stock Exchange of Hong Kong (SEHK) since 1992.

COSCO Shipping International (Hong Kong) is incorporated in Bermuda,[2] as an offshore company. It is a red chip company.[3]

Notes and References

  1. http://www.coscointl.com/media/1957/2019-ar-full-en.pdf. 2019 Annual Report. consolidated financial statements . 2020. 14 December 2020. COSCO Shipping International (Hong Kong). 129–131.
  2. Web site: COSCO SHIPPING INTERNATIONAL (HONG KONG) CO., LTD. (517). 14 December 2020. Hong Kong Exchanges and Clearing Limited.
  3. Web site: List of Red Chip Companies |date=30 November 2020|accessdate=14 December 2020|publisher=Hong Kong Exchanges and Clearing}.