COSCO Shipping Energy to buy COSCO Shipping Investment Dalian for RMB 1.59 billion

PUBT·04/27/2026 22:16:19

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COSCO Shipping Energy Transportation plans to buy 100% of COSCO Shipping Investment Dalian from controlling shareholder COSCO Shipping for about RMB 1.59 billion.
Transaction would shift ownership of COSCO Shipping Investment Dalian to unit Dalian COSCO Energy, consolidating assets tied to LPG shipping capacity and a hazardous chemicals warehousing and logistics park.
Purchase price was set with reference to an appraised equity value of RMB 1.59 billion as of Dec. 31, 2025.
Cash consideration is due within 20 working days of completion, funded about 60% by external financing.
Deal requires independent shareholder approval, with circular expected by June 4, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. COSCO Shipping Energy Transportation Co. Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260428-12126813), on April 27, 2026, and is solely responsible for the information contained therein.

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