Dec 10, 2020 08:53 PM (GMT+8) · EqualOcean
COSCO Haifa announced that the company intends to transfer 35.22% equity of COSCO Shipping leasing to China state-owned enterprise mixed ownership reform fund Co., Ltd. (Preparatory) at the price of RMB 1.8 billion through non-public agreement transfer. At the same time, COSCO Shipping leasing plans to increase its capital and share by publicly listing in Shanghai United Property Exchange, and obtain capital increase of 1-3 billion yuan (no more than 3 billion yuan) from strategic investors. The nature of the mixed reform fund is corporate private equity investment industry fund, which is registered in Lingang New Area of China (Shanghai) pilot Free Trade Zone, with a registered capital of 70.7 billion yuan and a total scale of 200 billion yuan to be raised. The duration of the fund is 10 years.