COSCO Pacific definition
Examples of COSCO Pacific in a sentence
Tenant: COSCO Pacific Management Company Limited, a wholly-owned subsidiary of the Company.
Based on the reasons mentioned above and the above view of the directors of COSCO Pacific, the Directors (including other independent non-executive Directors) consider that the entering into of the Agreement is in the interests of the Company and its shareholders as a whole, and the terms of the Agreement are on normal commercial terms and fair and reasonable.
Tenant: COSCO Pacific Management Company Limited (中遠太平洋管理有限公司), a wholly-owned subsidiary of COSCO Pacific.
The directors of COSCO Pacific consider that the entering into of the Agreement is in the interests of COSCO Pacific and its shareholders as a whole, and the terms of the Agreement are on normal commercial terms and fair and reasonable.
At the same time, it will provide an alternative source of financing available to the terminal companies of the group of COSCO Pacific and thus further enhance the business of the Group.
Therefore, the transactions contemplated under the Tenancy Agreements constitute Continuing Connected Transactions of COSCO Pacific under the Listing Rules.
COSCO HK is the controlling shareholder of both COSCO International and COSCO Pacific.
The Board is pleased to announce that, following completion of negotiations with PPA over the terms of the Concession Agreement and finalisation of the same in early October 2008, the terms of the Concession Agreement have been approved in principle by the respective boards of directors of PPA and COSCO Pacific.
As each of the percentage ratio (other than the profits ratio) in respect of the Tenancy Agreements falls below 2.5%, COSCO Pacific is exempted from the independent shareholders’ approval requirement under Rule 14A.34 of the Listing Rules.
The COSCO Pacific Group is principally engaged in the businesses of managing and operating terminals, container leasing, management and sale, and related businesses.