COSCO SHIPPING becomes the world's second largest container manufacturer
On the evening of November 26, COSCO SHIPPING Development issued an announcement that the newly added 1,447,917,519 RMB ordinary shares (A shares) involved in the company’s issuance of shares to purchase assets have been completed in China Securities Depository and Clearing Co., Ltd. on November 25, 2021. Registration procedures.
The new shares in this issuance have a limited sale period of three years. They can only be listed and traded on the Shanghai Stock Exchange after November 26, 2024, and the company’s outstanding shares remain unchanged.
The underlying assets of this transaction include: 100% equity of Universe Oriental International Container (Qidong) Co., Ltd., 100% equity of Universe Oriental International Container (Qingdao) Co., Ltd., 100% equity of Universe Oriental International Container (Ningbo) Co., Ltd. and Shanghai Universe Logistics 100% of the shares of Technology Co., Ltd. have now been transferred to COSCO SHIPPING Development. After various compliance procedures and review by regulatory agencies, the transaction of COSCO Haifa’s issuance of shares to purchase assets was successfully completed.
With the smooth completion of this transaction, the company has become the world's second largest container manufacturer in one fell swoop, achieving an overall scale of over one million containers per year.
By integrating container factories in Qingdao, Ningbo and Qidong, the company further enhances the location advantages of container factories, has the ability to manufacture cold boxes and special containers, enriches container application scenarios, promotes the exploration of smart containers, and comprehensively improves comprehensive service capabilities .
At the same time, the company's subsidiary Floren is the world's second largest container leasing company, and the company's container building segment and leasing segment business linkage has been further strengthened, coordinated development, and the company's overall core competitiveness. According to the transaction report, during the transition period from the day after the assessment base date (December 31, 2020) to the delivery audit base date, the profits and losses realized by the underlying assets will belong to the listed company.
At present, the recovery of global economic growth is still the main keynote, the shortage of the container market has not yet been completely relieved, and the company's container manufacturing plants are full of orders. The company will continue to go all out to implement the "six stability" and "six guarantees" work to provide important logistics guarantees for the global supply chain.
Since 2021, the company has seized the opportunity of the market to develop its wings and achieve high-quality development in various business sectors. The shipping leasing segment insists on internal and external maintenance, continuously expanding subdivided business areas, enriching leasing products, and achieving a win-win situation in the industry chain; the container manufacturing segment effectively taps the potential of production capacity, improves technological transformation and upgrades, strengthens the linkage of leasing and manufacturing, and achieves excellent performance; investment and services The sector adheres to a diversified investment strategy, while at the same time expanding supply chain financial services, committed to empowering shipping finance with technology, and boosting innovation and breakthroughs in supply chain financial services. In the first three quarters of 2021, the company achieved a net profit of 3.99 billion yuan attributable to shareholders and other equity holders of listed companies, a significant year-on-year increase of 138.5%.
In the future, the company will seize the opportunity of industry development and use the integrated scale advantages, the synergy of the shipping industry chain, and the innovative thinking of industry + technology to achieve another leap in the core industry, and further enhance the overall value.