Date
23 August 2017

China Cosco raises 3.68 bln yuan from stake sale, filing says

China Cosco Holdings Co. Ltd. (01919.HK, 601919.CN) has completed the sale of an 81 percent stake in two asset management subsidiaries for a combined 3.68 billion yuan (US$603.77 million), it said in a stock exchange filing Monday. The company still holds a 19 percent stake in each unit, the filing said. The sale will be consolidated into its 2013 financial statement.

– Contact HKEJ at digest@ejinsight.com

EL/AC/RA

 

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