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Cosco Shipping Holdings to buy 5.8pc of food processing unit
来源：shippingazette 编辑：编辑部 发布：2023/01/30 14:39:38
CHINA's Cosco Shipping Holdings has agreed to pay CNY5.5 billion (US$814 million) to buy a 5.8 per cent stake in COFCO Fortune, a food processing and logistics unit of Chinese state agricultural conglomerate COFCO, Reuters reports.
According to a Cosco Shipping Holdings stock exchange filing, the deal is part of a COFCO Fortune capital increase plan. On completion of the capital raising deal, COFCO and other units of the conglomerate will retain a combined 69.8 per cent stake in COFCO Fortune, down from 89.7 per cent previously.
According to a Cosco Shipping Holdings stock exchange filing, the deal is part of a COFCO Fortune capital increase plan. On completion of the capital raising deal, COFCO and other units of the conglomerate will retain a combined 69.8 per cent stake in COFCO Fortune, down from 89.7 per cent previously.