China COSCO definition
Examples of China COSCO in a sentence
China COSCO is a connected person of the Company under the Listing Rules, since it is owned as to 53.75% by COSCO.
The Vendor is wholly-owned by China COSCO SHIPPING Corporation Limited.
China Ocean Shipping (Group) Company, being the controlling shareholder of the Company, is also wholly-owned by China COSCO SHIPPING Corporation Limited.
F305A, F312, F410 and F411 and the underground warehouse of Ocean Plaza (Beijing) with a total gross floor area of approximately 1,456 sq.m. to China COSCO for a term of one year, during which China COSCO may from time to time lease or cease leasing any of such units and the warehouse by serving a six months’ prior written notice to Beijing Yuanyang Building in accordance with the terms of the China COSCO Lease Agreement.
Save as disclosed above, no other Directors has a material interest in the Disposal, but Dr. FAN ▇▇▇ ▇▇▇ ▇▇▇, ▇▇▇▇, an independent non-executive Director, has voluntarily abstained from voting on the relevant board resolutions approving the Agreement for the reason that she is also an independent non- executive director of China COSCO, a subsidiary of COSCO.
None of the other Directors has a material interest in the Financial Services Master Agreement, but Dr. FAN ▇▇▇ ▇▇▇ ▇▇▇, ▇▇▇▇, an Independent Non-executive Director, has voluntarily abstained from voting on the relevant board resolutions of the Company approving the Financial Services Master Agreement for the reason that she is also an independent non-executive director of China COSCO, a subsidiary of COSCO.
Apart from the business operated by China COSCO and its subsidiaries, the main businesses currently operated by COSCO and its subsidiaries also include operation of oil tankers and other liquefied bulk cargo shipping, general cargo and special vessel shipping, ship repair and retrofit, ship building, provision of vessel fuels, provision of financial services, ship trading services and ▇▇▇▇▇▇ and ship management services, etc.
As at the date of this announcement and immediately before completion of the Merger, the equity interest of DPCM is held as to 35%, 25%, 20% and 20% by Dalian Port Container, PSA China, COSCO Ports and APM Terminals Dalian Company Limited respectively.
None of the other directors has a material interest in the transaction contemplated under the Tenancy Agreement and is required to abstain from voting in the relevant Board resolutions, but Dr. FAN ▇▇▇ ▇▇▇ ▇▇▇, ▇▇▇▇, an Independent Non-executive Director of the Company, has voluntarily abstained from voting on the relevant Board resolutions approving the Tenancy Agreement for the reason that she is also an independent non-executive director of China COSCO Holdings Company Limited, a subsidiary of COSCO.
International Lines and China COSCO Shipping in establishing joint venture terminals in Singapore.