China International Marine Containers

PICC's debut success kicks China Silver and CIMC into action

Chen Wantian (left) says China Silver's average turnover of inventory has dropped to 48 days in the first half of this year from 85 in 2010. Photo: Dickson Lee

Two companies, one a silver processor and the other a manufacturer of shipping containers, aim to list in Hong Kong by the end of the year, joining the fresh wave of initial public offerings in the wake of People's Insurance Company of China's stellar trading debut.

Friday, 14 December, 2012, 3:00am

Containers back in demand as trade booms

This time last year, shipping containers cluttered docks everywhere as global trade dried up. Now, they are in demand as world shipping gets back to work.

Prices of shipping containers have also surpassed pre-crisis levels, while leasing rates for the boxes have risen by a third this year.

19 Jun 2010 - 12:00am

CIMC focuses on Enric

Shenzhen-listed China International Marine Containers did not have immediate plans to inject more assets into Enric Energy Equipment although it would not rule out such a possibility, said vice-president Zhao Qingsheng (right). Last week, CIMC bought a 42.18 per cent stake in Hong Kong-listed Enric for HK$1.13 billion from Enric's largest shareholder Wang Yusuo (second left).

8 May 2015 - 9:40am

CIMC buys 42.18pc stake in Enric for HK$1.13b

China International Marine Containers (Group) has bought a controlling stake in Hong Kong-listed gas container maker Enric Energy Equipment Holdings for HK$1.13 billion in a bid to diversity its product range.

3 Aug 2007 - 12:00am

China Cosco sets sail with A-share offering

China Cosco Holdings started its initial public offering of A shares yesterday that could raise up to HK$17.2 billion for the mainland's largest container shipping company.

The proceeds will be used to acquire 51 per cent of Cosco Logistics from its parent firm as well as funding for 12 new vessels and construction of depot and logistics centres.

9 Jun 2007 - 12:00am

EC antitrust probe forces scrapping of CIMC deal with Burg

China International Marine Containers, the world's largest maker of containers, has scrapped a plan to buy Dutch tank maker Burg Industries due to opposition from the European Commission's antitrust regulators.

22 Jul 2006 - 12:00am

Cosco eyes bigger CIMC stake in share shake-up

Cosco Pacific may spend more than four billion yuan and increase its stake in China International Marine Containers (CIMC) as part of the Shenzhen-listed firm's state share reform proposal.

7 Apr 2006 - 12:00am

Business Digest

stake sale helps boost cr power profit by 139pc

China Resources Power Holdings posted a 139 per cent jump in net profit to $2.85 billion last year, as turnover soared 212 per cent to $5.92 billion.

21 Mar 2006 - 12:00am

Cosco Pacific sails on to 1b yuan stake in container maker

Cosco Pacific yesterday got the nod from its shareholders to buy a 1.05 billion yuan stake in Shenzhen-listed China International Marine Containers from its parent company, Cosco Group.

6 Oct 2004 - 12:00am

CIMC takes key role in Qingdao joint ventures

China International Marine Containers (CIMC) has established two container-making joint ventures in Qingdao.

Partners in the ventures are Hyundai Precision Industries and the administrative commission of the Jiaozhou Economic & Technological Development Zone.

1 Mar 1999 - 12:00am

Control of costs aids 40pc rise at CIMC

Net profit at China International Marine Containers (CIMC), the world's largest dry-freight container-maker, rose 40.6 per cent to 139.98 million yuan (about HK$130.3 million) in the first six months.

Falling raw-material costs and stricter internal controls combined to help offset a drop in container prices.

21 Aug 1998 - 12:00am

Don't fund the losers, container firm urges

China International Marine Containers (Group) has urged banks not to extend credit to unprofitable enterprises so that loss-making manufacturers engaged in destructive price competition are squeezed out of the market, a mainland newspaper reported.

29 Jul 1998 - 12:00am

China International Marine watches profits sail higher

B share China International Marine Containers Group has recorded full-year attributable profits of 194.18 million yuan (about HK$180.59 million), 5 per cent higher than a year earlier. Turnover grew to 4.28 billion yuan. It will pay one bonus share plus three yuan for each parcel of 10 shares held as a dividend.

11 Apr 1998 - 12:00am

Shenzhen firm in airport deal

A subsidiary of China International Marine Containers (Group) says it has won a 100 million yuan (about HK$93 million) order for 49 aircraft boarding bridges.

Shenzhen Tianda Airport Support Co, 51 per cent controlled by China Marine, will make the bridges for Beijing's international airport for delivery in June next year.

14 Jul 1997 - 12:00am

Container firm posts 55.7pc surge in profit

CHINA International Marine Containers posted a 55.7 per cent rise in net profit to 66 million yuan (about HK$61.49 million) for the six months ended June.

Its turnover rose to 887.9 million yuan from the previous 536.1 million yuan. Earnings per share rose to 74.3 fens from the previous 55.5 fens. No interim dividend was paid.

18 Aug 1995 - 12:00am

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