Examples of China COSCO in a sentence
Such cooperation could help both parties to develop their industrial and finance businesses and to increase their core competencies, by leveraging the strengths of China COSCO in shipping logistics, shipping finance and its existing projects and the strengths of the Company in real estate, urban infrastructure construction, finance and commercial operation.
The parent company of China COSCO is China Ocean Shipping (Group) Company (“COSCO”), a state-owned enterprise established in the PRC.
The ultimate parent company of the Group is China COSCO SHIPPING Corporation Limited (“COSCO SHIPPING”), a state-owned enterprise established in the People’s Republic of China (the “PRC”).
China COSCO is one of the leading companies in the shipping, port logistics and ship repairs and building industries.
On 10 February 2017, the Company signed a strategic cooperation agreement with China COSCO, relating to their cooperation in the fields such as finance, logistics real estate and integration of logistics and consumption chain.
COSCO Group, being the controlling shareholder of the Company, is also wholly-owned by China COSCO SHIPPING.
The Company determined the rentals for the vessel leases with China COSCO by reference to the fair market price.
This clearly impliesthat more Joule heating and thus an increasing device temperature is responsible for the negative capacitance effect.
The Company’s ultimate holding company, China COSCO Shipping Corporation Limited, has a well-established logistics business network throughout the People’s Republic of China (“PRC”), which the Company will be able to leverage on this existing logistics business platform to potentially develop new business opportunities in the logistics sector in South and Southeast Asia, taking advantage of the “Belt and Road Initiative” formulated by the PRC Government in 2013.
Upon completion of the Transaction, the Company will provide container leasing services to China COSCO by way of operating leases rather than financial leases.