DOCSLIB.ORG

ORIENT OVERSEAS (INTERNATIONAL) LIMITED 東 方 海 外（國 際）有 限 公 司* (Incorporated in Bermuda with Members’ Limited Liability) (Stock Code: 316)

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
ORIENT OVERSEAS (INTERNATIONAL) LIMITED 東 方 海 外（國 際）有 限 公 司* (Incorporated in Bermuda with Members’ Limited Liability) (Stock Code: 316) Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. ORIENT OVERSEAS (INTERNATIONAL) LIMITED * 東 方 海 外（國 際）有 限 公 司 (Incorporated in Bermuda with members’ limited liability) (Stock Code: 316) CHANGE OF EXECUTIVE DIRECTORS CHANGE OF CHIEF EXECUTIVE OFFICER AND CHANGE OF COMPOSITION OF BOARD COMMITTEES The board of directors (the “Board”) of Orient Overseas (International) Limited (the “Company”) hereby announces with effect from 18 September 2019: (1) Mr. HUANG Xiaowen resigned as an Executive Director, the Chief Executive Officer, a member of the Executive Committee and the chairman of the Inside Information Committee and the Risk Committee of the Company due to his work commitments; (2) Mr. ZHANG Wei resigned as an Executive Director and a member of the Executive Committee, the Remuneration Committee, the Inside Information Committee and the Risk Committee of the Company due to his work commitments; (3) Mr. WANG Haimin has been appointed as the Chief Executive Officer and the chairman of the Inside Information Committee and the Risk Committee of the Company, and resigned as a member of the Finance Committee and the Compliance Committee of the Company; (4) Mr. YANG Zhijian has been appointed as an Executive Director and a member of the Executive Committee, the Finance Committee, the Compliance Committee, the Inside Information Committee and the Risk Committee of the Company; and (5) Mr. FENG Boming has been appointed as an Executive Director and a member of the Executive Committee, the Remuneration Committee, the Inside Information Committee and the Risk Committee of the Company. 1 RESIGNATION OF EXECUTIVE DIRECTORS, CHIEF EXECUTIVE OFFICER AND MEMBERS OF THE BOARD COMMITTEES The Board hereby announces the following resignation of Executive Directors, Chief Executive Officer and members of the Board committees of the Company, all with effect from 18 September 2019: (1) Mr. HUANG Xiaowen (“Mr. Huang”) resigned as an Executive Director, the Chief Executive Officer, a member of the Executive Committee and the chairman of the Inside Information Committee and the Risk Committee of the Company due to his work commitments; (2) Mr. ZHANG Wei (“Mr. Zhang”) resigned as an Executive Director and a member of the Executive Committee, the Remuneration Committee, the Inside Information Committee and the Risk Committee of the Company due to his work commitments; and (3) Mr. WANG Haimin (“Mr. Wang”) resigned as a member of the Finance Committee and the Compliance Committee of the Company. Both Mr. Huang and Mr. Zhang have confirmed that they have no disagreement with the Board and there is no other matter in respect of their resignation that needs to be brought to the attention of the shareholders of the Company. The Board would like to express their gratitude and appreciation to Mr. Huang and Mr. Zhang for their valuable contribution to the Group during their tenure of service. APPOINTMENT OF EXECUTIVE DIRECTORS, CHIEF EXECUTIVE OFFICER AND MEMBERS OF THE BOARD COMMITTEES The Board has accepted the recommendation of the Nomination Committee of the Company on the following appointment of Executive Directors, Chief Executive Officer and members of the Board committees of the Company, all with effect from 18 September 2019: (1) Mr. Wang, an Executive Director of the Company, has been appointed as the Chief Executive Officer and the chairman of the Inside Information Committee and the Risk Committee of the Company; (2) Mr. YANG Zhijian (“Mr. Yang”) has been appointed as an Executive Director and a member of the Executive Committee, the Finance Committee, the Compliance Committee, the Inside Information Committee and the Risk Committee of the Company; and (3) Mr. FENG Boming (“Mr. Feng”) has been appointed as an Executive Director and a member of the Executive Committee, the Remuneration Committee, the Inside Information Committee and the Risk Committee of the Company. 2 Biographies of Mr. Wang, Mr. Yang and Mr. Feng are set out below: Mr. Wang Mr. Wang, aged 47, has been an Executive Director and a member of certain board committees of the Company since 3rd August 2018 and a director of certain subsidiaries of the Company. He had been a director, the co-Chief Executive Officer and a member of the Executive Committee of Orient Overseas Container Line Limited, a wholly-owned subsidiary of the Company. Mr. Wang graduated from Shanghai Maritime University, major in Transport Economics, and holds a master degree in Business Administration from Fudan University and is an engineer. Mr. Wang is currently the executive vice president and the Party Committee member of China COSCO SHIPPING Corporation Limited (“China COSCO SHIPPING”), the vice chairman and an executive director of COSCO SHIPPING Holdings Co., Ltd. (“COSCO SHIPPING Holdings”, a company listed in both Shanghai and Hong Kong), a non-executive director of COSCO SHIPPING Ports Limited (“COSCO SHIPPING Ports”, a company listed in Hong Kong), a director of Faulkner Global Holdings Limited and a director of Shanghai International Port (Group) Co., Ltd. (a company listed in Shanghai). Mr. Wang had been the head of planning and cooperation department of the strategic planning division, the deputy general manager of the corporation planning division and the general manager of the strategy and development division of COSCO SHIPPING Lines Co., Ltd. (“COSCO SHIPPING Lines”), the general manager of the transportation division of China Ocean Shipping Co., Ltd., the deputy general manager of COSCO SHIPPING Ports, the deputy general manager, the general manager, a director and the Deputy Party Secretary of COSCO SHIPPING Lines, and the deputy general manager, the general manager and the Deputy Party Secretary of COSCO SHIPPING Holdings. Mr. Wang has over 20 years of experience in corporate management in the shipping industry. He has extensive experience in container shipping, operation of terminal and enterprise management. Mr. Yang Mr. Yang, aged 55, holds an executive master degree in Business Administration from Shanghai Maritime University and is an economist. Mr. Yang is currently the employee representative director of China COSCO SHIPPING, the general manager and the Deputy Party Secretary of COSCO SHIPPING Holdings (a company listed in both Shanghai and Hong Kong), the general manager, the chairman of the board and the Deputy Party Secretary of COSCO SHIPPING Lines. Mr. Yang had been the head of ocean transportation division of Shanghai Ocean Shipping Co., Ltd., the head of corporate planning division and deputy general manager of marketing department of COSCO SHIPPING Lines, the deputy general manager of Hong Kong Ming Wah Shipping Co., Ltd., the general manager of the trade service division and the general manager of the Asia-Pacific trade division of COSCO SHIPPING Lines, the general manager and the Deputy Party Secretary of Shanghai PANASIA Shipping Company Limited, an assistant to the general manager and the deputy general manager of COSCO SHIPPING Logistics Co., Ltd., the deputy general manager, the general manager and the Deputy Party Secretary of COSCO SHIPPING Bulk Co., Ltd. Mr. Yang has over 30 years of experience in the maritime industry and has extensive experience in container shipping, logistics and bulk shipping. 3 Mr. Feng Mr. Feng, aged 49, holds a master degree in Business Administration from The University of Hong Kong and is an economist. Mr. Feng is currently the chairman of the board of directors and an executive director of COSCO SHIPPING Ports (a company listed in Hong Kong), a non-executive director of each of COSCO SHIPPING Development Co., Ltd., COSCO SHIPPING Energy Transportation Co., Ltd. and COSCO SHIPPING International (Hong Kong) Co., Ltd. (all listed in Hong Kong), and a director of COSCO SHIPPING (Hong Kong) Co., Limited, COSCO SHIPPING Bulk Co., Ltd., COSCO SHIPPING Financial Holding Co., Ltd., Piraeus Port Authority S.A. (a company listed in Athens) and certain subsidiaries of China COSCO SHIPPING. Mr. Feng had been the general manager of the strategic and corporate management department of China COSCO SHIPPING, the manager of the commercial section of the ministry of trade protection of COSCO SHIPPING Lines, the general manager of COSCO Container Hong Kong Mercury Co., Ltd., the general manager of the management and administration department of COSCO Holdings (Hong Kong) Limited, the general manager of COSCO International Freight (Wuhan) Co., Ltd. and COSCO Logistics (Wuhan) Co., Ltd., the director of the strategic management implementation office of China Ocean Shipping Co., Ltd. and COSCO SHIPPING Holdings, and a non-executive director of COSCO SHIPPING Holdings. Mr. Feng has over 20 years of work experience in the shipping industry. He has extensive experience in ports management and operation, enterprise strategy management, business management, container shipping and management. Save as disclosed above, each of Mr. Wang, Mr. Yang and Mr. Feng does not hold directorships in any other public companies listed in Hong Kong and overseas in the last three years, does not hold any other position with the Company and other members of the group, and does not have any relationship with any directors, senior management or substantial shareholders or controlling shareholders of the Company. As at the date of this announcement, each of Mr. Wang, Mr. Yang and Mr. Feng does not have any interest in the ordinary shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong). Mr. Wang has entered into a supplemental letter to his existing letter of appointment with the Company for his new role and duties as the Chief Executive Officer of the Company and as the chairman of both the Inside Information Committee and the Risk Committee of the Company.
Load more

Recommended publications
  • STOXX Greater China 80 Last Updated: 01.08.2017
    STOXX Greater China 80 Last Updated: 01.08.2017 Rank Rank (PREVIOU ISIN Sedol RIC Int.Key Company Name Country Currency Component FF Mcap (BEUR) (FINAL) S) TW0002330008 6889106 2330.TW TW001Q TSMC TW TWD Y 113.9 1 1 HK0000069689 B4TX8S1 1299.HK HK1013 AIA GROUP HK HKD Y 80.6 2 2 CNE1000002H1 B0LMTQ3 0939.HK CN0010 CHINA CONSTRUCTION BANK CORP H CN HKD Y 60.5 3 3 TW0002317005 6438564 2317.TW TW002R Hon Hai Precision Industry Co TW TWD Y 51.5 4 4 HK0941009539 6073556 0941.HK 607355 China Mobile Ltd. CN HKD Y 50.8 5 5 CNE1000003G1 B1G1QD8 1398.HK CN0021 ICBC H CN HKD Y 41.3 6 6 CNE1000003X6 B01FLR7 2318.HK CN0076 PING AN INSUR GP CO. OF CN 'H' CN HKD Y 32.0 7 9 CNE1000001Z5 B154564 3988.HK CN0032 BANK OF CHINA 'H' CN HKD Y 31.8 8 7 KYG217651051 BW9P816 0001.HK 619027 CK HUTCHISON HOLDINGS HK HKD Y 31.1 9 8 HK0388045442 6267359 0388.HK 626735 Hong Kong Exchanges & Clearing HK HKD Y 28.0 10 10 HK0016000132 6859927 0016.HK 685992 Sun Hung Kai Properties Ltd. HK HKD Y 20.6 11 12 HK0002007356 6097017 0002.HK 619091 CLP Holdings Ltd. HK HKD Y 20.0 12 11 CNE1000002L3 6718976 2628.HK CN0043 China Life Insurance Co 'H' CN HKD Y 20.0 13 13 TW0003008009 6451668 3008.TW TW05PJ LARGAN Precision TW TWD Y 19.7 14 15 KYG2103F1019 BWX52N2 1113.HK HK50CI CK Property Holdings HK HKD Y 18.3 15 14 CNE1000002Q2 6291819 0386.HK CN0098 China Petroleum & Chemical 'H' CN HKD Y 16.4 16 16 HK0823032773 B0PB4M7 0823.HK B0PB4M Link Real Estate Investment Tr HK HKD Y 15.4 17 19 HK0883013259 B00G0S5 0883.HK 617994 CNOOC Ltd.
    [Show full text]
  • Cosco Shipping International (Singapore) Co., Ltd
    COSCO SHIPPING INTERNATIONAL (SINGAPORE) CO., LTD. (Incorporated in the Republic of Singapore) (Company Registration Number: 196100159G) SUBSCRIPTION OF 30% INTEREST IN TAN CANG – COSCO – OOCL LOGISTICS COMPANY LIMITED 1. Introduction The Board of Directors (the “Board”) of COSCO SHIPPING International (Singapore) Co., Ltd. (the “Company”, and together with its subsidiaries, collectively the “Group”) wishes to announce that its subsidiary, COSCO SHIPPING Southeast Asia Container Logistics Services Pte. Ltd. (“COSCO SEA”) has today made a capital contribution of US$300,000 (equivalent to approximately 6,873,000,000 Vietnamese Dong (“VND”) and approximately S$416,000) for 30% interest in TAN CANG – COSCO – OOCL Logistics Company Limited (“TAN CANG – COSCO – OOCL”) (the “Subscription”). The contributed capital of TAN CANG – COSCO – OOCL before and after the Subscription is as follows: Before the After the Subscription Subscription Amount % Amount % Tan Cang Overland Transport Joint US$154,000 50 US$400,000 40 Stock Company (“TAN CANG”) OOCL Logistics (Hong Kong) US$154,000 50 US$300,000 30 Limited (“OOCL”) COSCO SEA - - US$300,000 30 Total US$308,000 100 US$1,000,000 100 OOCL is a subsidiary of COSCO SHIPPING Holdings Co., Ltd. which is in turn a subsidiary of China COSCO SHIPPING Corporation Limited. China Ocean Shipping Company Limited, being the controlling shareholder of the Company, is also wholly-owned by China COSCO SHIPPING Corporation Limited. In respect of the Subscription, COSCO SEA is the “entity at risk” for the purposes of Chapter 9 of the Listing Manual and OOCL is an "interested person". The transaction therefore constitutes an "interested person transaction" within the meaning of Chapter 9 of the Listing Manual.
    [Show full text]
  • Chapter 4 About Cosco Shipping Ports
    10 COSCO SHIPPING PORTS LIMITED Sustainability Report 2020 CHAPTER 4 ABOUT COSCO SHIPPING PORTS CHAPTER 4 ABOUT COSCO SHIPPING PORTS 11 COSCO SHIPPING PORTS LIMITED Sustainability Report 2020 12 COSCO SHIPPING PORTS LIMITED Sustainability Report 2020 CORPORATE OVERVIEW COSCO SHIPPING Ports is a leading ports operator in the world, with a portfolio covering the five main port regions in Mainland China, Southeast Asia, the Middle East, Europe, South America and the Mediterranean. As of 31 December 2020, COSCO SHIPPING Ports operated and managed 357 berths at 36 ports worldwide, of which 210 were for containers, with a total annual handling capacity of approximately 118 million TEU. The Company upholds its mission of “The Ports for ALL” and strives to build a global terminal network with controlling stake that offers linkage effect on costs, services and synergies, creating mutual benefits across the shipping industry chain, connecting global shipping services and becoming truly “the ports for all people”. COSCO SHIPPING Ports’ intermediate holding company is COSCO SHIPPING Holdings Co., Limited (stock code: 1919 (H Share), 601919 (A Share)) whose ultimate holding company, China COSCO SHIPPING Corporation Limited, is the largest integrated shipping enterprise in the world. As at 31 December 2020, COSCO SHIPPING holds 46.22% share in COSCO SHIPPING Holdings, which in turn holds 50.23% share in COSCO SHIPPING Ports. KEY ECONOMIC PERFORMANCE IN THE LAST FIVE YEARS: Revenue Total Asset (US$ million) (US$ million) 11,224 1,028 10,477 1,000 1,001 8,954 9,046 6,787 635 556 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 Total Throughput (million TEU) 123.78 123.82 117.37 100.20 95.07 2016 2017 2018 2019 2020 For detailed economic performance, please refer to the 2020 Annual Report of COSCO SHIPPING Ports.
    [Show full text]
  • March 2, 2020 I Vol - 131
    NEWS March 2, 2020 I Vol - 131 Hamriyah Free Zone woos exporters from Kerala to UAE India: JNPT walks back direct terminal handling fees Federation of Indian Export Organisations, Kerala Indian regulatory measures to address nagging shipper concerns about “arbitrary” terminal pricing have begun to yield Chapter jointly with Hamriyah Free Zone Authority has positive results, at least on a limited scale, according to shippers and customs brokers operating in the country. Effective organised a seminar on the opportunities available in Monday, terminal operators at Jawaharlal Nehru Port (JNPT) have agreed to lift the additional direct port delivery (DPD) cargo UAE for exporters. Speaking on the occasion, Ali Al shifting charges they had previously sought to impose beyond the port’s base fee. DPD handling gives importers the option to Jarwan, Deputy Executive Director, Hamriyah Free Zone, clear cargo directly from the wharf within 48 hours of landing. “JNPT will charge only one shifting charge and applicable dwell said India has emerged the third largest trading partner time charges for DPD containers moved to CFSs [container freight stations] after 48 hours,” the Brihanmumbai Custom Brokers of UAE after China and the US and the trade between Association (BCBA) said of the move. That cost revision is significant, as a good portion of DPD cargo is shifted off-site, after two countries has touched $60 billion today compared being declared out-of-charge by customs, as cargo owners generally prefer to store goods at port-side yards longer because of to $180 million in the 70s. Moreover, UAE is the second limited warehousing capacity in and around their production sites.
    [Show full text]
  • 中遠海運控股股份有限公司 COSCO SHIPPING Holdings Co., Ltd.*
    Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. 中遠海運控股股份有限公司 COSCO SHIPPING Holdings Co., Ltd.* (a joint stock limited company incorporated in the People’s Republic of China with limited liability) (Stock Code: 1919) (1) MAJOR TRANSACTION AND CONTINUING CONNECTED TRANSACTIONS AND (2) RELATED PARTY TRANSACTIONS – QINGDAO PORT INTERNATIONAL SHIPPING AND TERMINAL SERVICES FRAMEWORK AGREEMENT MAJOR TRANSACTION AND CONTINUING CONNECTED TRANSACTIONS The Existing Agreements will expire on 31 December 2019. In light of the Company’s intention to continue entering into transactions of a similar nature from time to time after such expiry date, on 30 October 2019: (i) the Company and COSCO SHIPPING entered into the COSCO SHIPPING Master Agreements in respect of certain transactions, the nature of which is similar to the transactions under the Existing COSCO SHIPPING Agreements, for a term of three years from 1 January 2020 to 31 December 2022, which can be extended for further three years as agreed in writing by the parties upon the expiration of the term on the basis that the relevant requirements of the applicable listing rules are satisfied; (ii) the Company and Pacific International Lines entered into the PIL Master Shipping and
    [Show full text]
  • Press Release
    Press Release COSCO SHIPPING Ports Signs Investment Agreement of COSCO SHIPPING Ports Supply Chain Project with Guangzhou Nansha Economic and Technology Development Zone Commercial Bureau Take Advantage of Scarce Logistics Resources near the Port to Develop High-end Warehousing Business Further Enhance Profitability Hong Kong – 3 April 2019 – COSCO SHIPPING Ports Limited (”COSCO SHIPPING Ports” or “CSP” or “Company”, HKEX stock code:1199), a leading ports operator in the world, today announced that the Company signed investment agreement of COSCO SHIPPING Ports Supply Chain Project with Guangzhou Nansha Economic and Technology Development Zone Commercial Bureau (广州南沙经 济技术开发区商务局). The Company plans to develop phase I of terminal extended business in the land near Nansha Stevedoring Corporation Limited of Port of Guangzhou and Guangzhou South China Oceangate Container Terminal Company Limited, in order to develop port supply chain plat- form, develop high-end warehousing business and extend the upstream and downstream industries. Leveraging on Nansha Free Trade Zone’s policy and favourable geographical position, the Company plans to establish supply chain platform to develop various business, including cross-border e-com- merce, auto parts and accessories distribution, fresh food and pharmaceutical products cold chain and supply chain finance, as the extension of port supply chain. Phase I of the project covers a con- struction area of about 254,000 ㎡ and consists of warehousing, comprehensive service areas and supporting facilities. Relying on the resource advantages of COSCO Shipping Group in shipping, ports, trade, logistics and finance, the Company will build a high-standard port supply chain base integrat- ing logistics, warehousing and business support services.
    [Show full text]
  • Press Release (For Immediate Release)
    Press Release (For immediate release) COSCO SHIPPING Holdings Achieved Net Profit of RMB 687million for 1Q 2019 Representing a Substantial Increase of 280% Year-on-Year (26 April 2019, Shanghai) － COSCO SHIPPING Holdings Co., Ltd ("COSCO SHIPPING Holdings" or "the Company") (SSE: 601919; HKEx: 1919) today announced its financial results for the first quarter of 2019. In the first quarter of 2019, the international container shipping market continued to recover. The freight rates of Transpacific and Asia-Europe routes were higher than the same period of last year. The average China Containerized Freight Index (CCFI) reached 852 points, representing a year-on-year increase of 4.5%. COSCO SHIPPING Holdings actively seized market opportunities, made efforts to improve the quality of development and maintained its growth momentum. In the first quarter of 2019, the revenue reached RMB35.08 billion, representing a year-on-year increase of 60%. The company realized a net profit attributable to equity holders of the company of RMB687 million, surged 280% from RMB181 million in the same period of last year. The revenue of container shipping business reached RMB33.45 billion, representing a year-on-year growth of 62.4%, and the gross profit was RMB3.22 billion, representing a year-on-year increase of 159%, with gross profit margin increased by 3.6 percent points to 9.6%. In view of major operating data, the core businesses of the Company continued to maintain sound growth momentum. In the first quarter of 2019, the container shipping business of the Company handled a shipping volume of 5.88 million TEUs, representing a year-on-year increase of 42.6%; of which COSCO SHIPPING Lines handled a shipping volume of 4.28 million TEUs, representing a year-on-year increase of 3.7% and OOCL handled a shipping volume of 1.61 million TEUs.
    [Show full text]
  • Privatization Amid Ongoing Recovery, Maintain "Accumulate"
    股 票 Research 研 [Table_Title] Company Report: Sinotrans Shipping (00368 HK) Spencer Fan 范明 究 (86755) 2397 6686 Equity 公司报告： 中外运航运 (00368 HK) [email protected] 21 September 2018 Privatization[Table_Summary] amid Ongoing Recovery, Maintain "Accumulate" 复苏在途，计划私有化，维持“收集” Privatization planned: In accordance with SASAC rules and the Company’s [Table_Rank] valuation in recent years, we estimate 0.9x-1.0x acquisition PBR for the Rating: Accumulate Maintained privatization of Sinotrans Shipping, which corresponds to approx. 100% 公 upward price potential. We await further disclosure of details. 司 评级： 收集 (维持) Operating strategy in 1H18 was unexpectedly cautious. The Company’s 报 1H18 revenue declined 0.7% YoY to US$497 mn due to less dry bulk 6[Table_Price-18m TP目标价] : HK$2.22 告 shipping capacity in control, yet shareholders' profit surged 399.85% YoY to Revised from 原目标价: HK$2.36 US$40.018 mn amid effective cost control. The price of 70% of self-owned Company Report vessels will be locked in in 2H18 to secure stable margins. Sino-U.S trade Share price 股价: HK$1.810 tension will have limited impact on dry bulk profitability. Improving capacity structure with possible higher-than-expected Stock performance demand in 2H18. Projected supply/ demand growth has been revised to 股价表现 1.7%/ 3.2% for 2018. Average grain shipping distance might rise. Iron ore [Table_QuotePic] import is expected to stay robust amid heating housing construction; we % of return 30.0 estimate 2018 dry bulk revenue to slightly decline by 2.2% YoY. 20.0 Container business gradually forming into good shape.
    [Show full text]
  • Cosco Shipping Energy Transportation Co., Ltd.*
    Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. COSCO SHIPPING ENERGY TRANSPORTATION CO., LTD.* (A joint stock limited company incorporated in the People’s Republic of China with limited liability) (Stock Code: 1138) CONNECTED TRANSACTION CAPITAL INCREASE IN COSCO SHIPPING FINANCE THE CAPITAL INCREASE AGREEMENT The Board is pleased to announce that, on 24 April 2020, the Company, Dalian Tanker (a wholly- owned subsidiary of the Company) and the other Existing Shareholders entered into the Capital Increase Agreement, pursuant to which the Existing Shareholders (including the Company and Dalian Tanker) have agreed to increase the registered capital of COSCO SHIPPING Finance by RMB3,200,000,000 in proportion to their respective shareholding, subject to the terms and conditions set out therein. Upon completion of the Capital Increase, the registered capital of COSCO SHIPPING Finance will be increased from RMB2,800,000,000 to RMB6,000,000,000 while the shareholding of the Group in COSCO SHIPPING Finance will remain unchanged at 10.9145%. IMPLICATIONS UNDER THE HONG KONG LISTING RULES As at the date of this announcement, 601,719,197 A Shares are directly held by COSCO SHIPPING and 1,554,631,593 A Shares are held by China Shipping (a wholly-owned subsidiary of COSCO SHIPPING) and its subsidiaries.
    [Show full text]
  • UW LOGISTIEKE OPLOSSING? Waarom
    DE LOGISTIEKE DIENSTVERLENER 6#0-'0 61.4'(70& 81'467+)5'48+%'5 10.+0'5'48+%'5 )QGFXQQT\KGPFQQTJGGN'WTQRC )TGP\GNQ\G\GMGTJGKFOGVFG&-8%#4& 4WKOCEEGRVCVKGRWPVGPFQQTJGGN'WTQRC$GUVGNPWWYHWGNGP UGTXKEGECTFFKGVQGICPIDKGFVVQVJGVITQQVUVGVQGNGXGTKPIUPGVYGTMKP FGVTCPURQTVUGEVQT&KVKUUNGEJVUÅÅPXCPQP\GXGNGFKGPUVGPYCCTOGGW QPFGTYGIPQQKVCCPFGMCPV\WNVDNKLXGPUVCCP 8TCCIXCPFCCIPQIWYQHHGTVGQROCCVCCP FMXGWTQUGTXKEGEQO NIEUWSBLAD TRANSPORT 12-18 APRIL 20177 De logistieke dienstverlener 3 VOORWOORDRD Omkoping, MELS DEES [email protected] maar geen fraude Logistiek dienstverlener HAVENSCHANDAAL Hoge Raad handhaaft vonnis Nu het woord ‘logistiek’ op bijna elke vrachtwagen prijkt en bijna elke onderneming zich ‘dienstverlener’ noemt, kan de redactie van Nieuwsblad Transport het thema ‘de logistieke dienstverlener’ nogal breed interpreteren. En dat doen we dan ook in deze editie. Veranderende business-modellen (die we tegenwoordig als ‘disruptive’ omschrijven) komen in meerdere artikelen terug. Zo beschouwt de topman van DHL alternatieven voor de pak- ketbezorging (pag. 11). Hebben drones de toekomst, of blijft het bij chauff eurs die aanbellen bij de besteller? Duurzaamheid was ook lange tijd een onderscheidende factor voor bedrijven – vooral in hun marketinguitingen. Dat veran- derde inmiddels. ‘Duurzaamheid is gewoon geworden, het zit in het DNA van veel bedrijven’, stelt Jurgen Hoppenbrouwers van Deloitte (pag. 15). Waarbij hij wel moet toegeven dat de lo- gistieke sector niet echt proactief is: bedrijven volgen de wen- sen van hun opdrachtgevers op het gebied van duurzaamheid. Dit, terwijl een meer duurzame houding tot kostenreducties leidt – en daar is uiteindelijk bijna elke logistieke dienstverle- ning naar op zoek. ‘Binnen twee jaar is 10 tot 15% reductie van het aantal gereden kilometers, brandstof en transportkosten mogelijk’. Schaalvergroting bij logistiek dienstverleners leidt, zo is de ervaring van Hoppenbrouwers, in de praktijk vaak tot een toenemend gebruik van schone modaliteiten, zoals spoor en binnenvaart.
    [Show full text]
  • Corporate Sustainability Report 2016
    COSCO SHIPPING Ports Limited Sustainability Report 2016 Publication Format This report is published in print and electronic versions in both Chinese and English. Electronic versions can be downloaded from website of the COSCO SHIPPING Ports. http://ports.coscoshipping.com Contents About This Report 1 Chairman’s Statement 3 Report by Vice Chairman 5 About Us 7 Our Approach to Sustainability 15 Corporate Governance 19 Commitment to Staff 21 Commitment to Customers 25 Commitment to the Environment 29 Commitment to Supply Chain 31 Commitment to the Community 33 The Way Forward in our Sustainability Journey 35 Data Tables 37 Contact Information 39 Report Survey Questionnaire 40 Appendices 41 1 About This Report This sustainability report is published by COSCO In-scoped companies for the Shareholdings SHIPPING Ports Limited (“COSCO SHIPPING report Ports”, “We” or “the Company”, together with our Headquarter subsidiaries, are collectively referred to “the Group”), summarising the performance and COSCO SHIPPING Ports progress of the Group for the period from Bohai Rim 1 January 2016 to 31 December 2016 pertaining 1 Qingdao Qianwan Terminal 20% to environmental, social and governance aspects. 2 Tianjin Five Continents Terminal 28% Basis of Preparation 3 Tianjin Euroasia Terminal 30% The preparation of this report was conducted 4 Yingkou New Century Terminal 40% mainly with reference to the core option of the 5 Dalian International Terminal 40% Global Reporting Initiative (GRI) “G4 Sustainability 6 Yingkou Terminal 50% Reporting Guidelines” and the “Environmental, 7 Dalian Port Terminal 20% Social and Governance Reporting Guide” set out 8 Jinzhou New Age Terminal in Appendix 27 of the Rules Governing the Listing 51% of Securities on The Stock Exchange of Hong Yangtze River Delta Kong Limited (“the Listing Rules”).
    [Show full text]
  • Qingdao Port International Co Annual Report 12748B.Pdf
    CONTENTS PAGE DEFINITIONS 2 CORPORATE INFORMATION 6 COMPANY PROFILE 8 2017 MAJOR EVENTS 12 FINANCIAL HIGHLIGHTS 17 CHAIRMAN’S STATEMENT 19 MANAGEMENT DISCUSSION AND ANALYSIS 22 DIRECTORS, SUPERVISORS AND SENIOR MANAGEMENT 44 DIRECTORS’ REPORT 51 SUPERVISORS’ REPORT 68 CORPORATE GOVERNANCE REPORT 71 AUDITOR’S REPORT 85 CONSOLIDATED AND COMPANY BALANCE SHEET 91 CONSOLIDATED AND COMPANY INCOME STATEMENT 95 CONSOLIDATED AND COMPANY CASH FLOW STATEMENT 98 CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY 102 COMPANY STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY 104 NOTES TO THE FINANCIAL STATEMENTS 106 DEFINITIONS Unless the context otherwise requires, the following expressions shall have the following meanings: “2017 AGM” the annual general meeting for the year 2017 of the Company to be held on 6 June 2018 “Articles of Association” the articles of association of the Company, as amended from time to time “Board” the board of directors of Qingdao Port International Co., Ltd. (青島港國際股份有限公司) “CFS” container freight station, of which, container freight station at loading ports refers to the location designated by carriers for the receiving of cargo to be loaded into containers by the carrier, while container freight station at discharge or destination ports refer to the location designated by carriers for de-vanning of containerized cargo “Company” Qingdao Port International Co., Ltd. (青島港國際股份有限公司), a joint stock company established in the PRC with limited liability on 15 November 2013 “Consolidated Group Companies” the Company (including
    [Show full text]