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China Bohai Bank (investee of COSCO SHIPPING Development) successfully listed on the Main Board of Hong Kong Stock Exchange today
发布时间: 2020-07-17

  On July 16, China Bohai Bank was successfully listed on the Hong Kong Stock Exchange with a clear "on-Cloud" gong-strike sound. COSCO SHIPPING Development, as one of the shareholders, was invited to send representatives to attend the listing ceremony.

  At the offering price of HK$4.8 per share, China Bohai Bank raised a total of approximately HK$13.47 billion, which became the first IPO project of domestic banks in Mainland China this year. The H-shares offered in the IPO of China Bohai Bank have been subscribed by nine cornerstone investors, and the over-allotment achieved amid the current harsh market condition highlights optimism among investors about its future prospects. China Bohai Bank has always brought forth good investment income to its founding shareholder COSCO SHIPPING Development which helped significantly in stabilizing the cyclical fluctuations of the shipping industry.

  Looking ahead, COSCO SHIPPING Development will charge forward with confidence, continue to optimize the quality and features of shipping financial service providers, and strive to achieve better performance and generate more value for its investors.

 
 
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COSCO SHIPPING Development Co., Ltd. (the “Company” or “COSCO SHIPPING Development”), formerly known as China Shipping Container Lines Company Limited, is a subsidiary of China COSCO SHIPPING Corporation Limited (“China COSCO SHIPPING” or “COSCO SHIPPING”) specialized in supply-chain financial services. The Company was established in 1997, with head office in Shanghai, the People’s Republic of China (the “PRC”), and is listed both in Hong Kong and Shanghai. The registered capital of the Company is about RMB11.61billion.
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