Edition:
India

COSCO Shipping Holdings Announces Disposal Of Interest In Various Port Assets By COSCO Shipping Ports


Thursday, 19 Sep 2019 

Sept 19 (Reuters) - Cosco Shipping Holdings Co Ltd <601919.SS>::ANNOUNCES DISPOSAL OF INTEREST IN VARIOUS PORT ASSETS BY COSCO SHIPPING PORTS.AGGREGATED CONSIDERATION UNDER SHARE PURCHASE AGREEMENTS IS ABOUT RMB1.06 BILLION.GROUP IS EXPECTED TO RECORD A NET GAIN FROM TRANSACTIONS OF ABOUT US$76 MILLION.UNIT TO DISPOSE INTERESTS IN NANJING LONGTAN TERMINAL, YANGZHOU YUANYANG TERMINAL, ZHANGJIAGANG TERMINAL TO SIPG (HK).COSCO SHIPPING PORTS ALSO INTENDS TO DISPOSE OF ALL OF INDIRECT INTERESTS IN TAICANG TERMINAL, JIANGSU PETROCHEMICAL TERMINAL. 

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