https://www.scmp.com/rss/36461/feed China Ocean Shipping (Group) Co, (COSCO Group) is a government-owned shipping and logistics services group based in Beijing. The company is one of the largest in the world in terms of the number of container ships, and has several listed arms: COSCO Pacific Ltd, China COSCO Holdings Company Ltd, COSCO International Holdings Ltd, Cosco Investment (Singapore) Ltd, Cosco Shipping Company Ltd. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Cosco International, the shipping services subsidiary of China’s largest shipping company, said its 2015 net profit declined 6.5 per cent to HK$336 million from a year earlier, owing to sluggish demand and increasing price competition. Revenue fell 21 per cent to HK$6 billion, mainly due to the drop in international crude oil prices that affected the company’s marine fuel business. However, the company’s gross profit margin rose to 11.5 per cent from 10.6 per cent in 2014. The company’s core... https://www.scmp.com/business/article/1929336/cosco-international-annual-net-profit-drops-65-cent?utm_source=rss_feed https://www.scmp.com/business/article/1929336/cosco-international-annual-net-profit-drops-65-cent?utm_source=rss_feed Wed, 23 Mar 2016 03:04:27 +0000 Greece only received a bid from China’s Cosco Group for a majority stake in Piraeus Port Authority, the operator of the country’s biggest port, the privatisation agency said on Tuesday. The leftist government of Alexis Tsipras halted the port privatisation after winning elections in January last year but resumed the process under the 86 billion euro bailout deal it agreed with its euro zone partners in August. Privatisations, a key element of Greece’s bailouts since 2010, have produced revenue... https://www.scmp.com/business/companies/article/1900585/greece-says-chinas-cosco-sole-bidder-piraeus-port-sale?utm_source=rss_feed https://www.scmp.com/business/companies/article/1900585/greece-says-chinas-cosco-sole-bidder-piraeus-port-sale?utm_source=rss_feed Wed, 13 Jan 2016 04:01:55 +0000 Board of Examiners Matthew Yuen (Chairman) Head and professor, department of mechanical engineering, HKUST Eric Chow Head, corporate treasury and financing, Hong Kong and China Gas Katherine Lau General manager, corporate quality and sustainability, Fuji Xerox (Hong Kong) Ivy Leung Director of intellectual capital and quality, Langham Place, Mongkok Jonathan Lui Hing-ming Deputy director, research and development department, Glorious Sun Enterprises James Ma Senior manager, quality... https://www.scmp.com/article/1006975/2012-hkma-quality-award?utm_source=rss_feed https://www.scmp.com/article/1006975/2012-hkma-quality-award?utm_source=rss_feed Mon, 16 Jul 2012 16:00:00 +0000 The Basic Law is supposed to be a shield for Hong Kong, one which gives it autonomy in all things except foreign affairs and provides for its own courts to interpret that law. But Beijing and its local 'united front' chauvinists are doing their best to undermine it in various ways. The decision last week of the National People's Congress to enforce Beijing's concept of sovereign immunity on the city will have a lasting impact on Hong Kong's role in international commerce - its main reason for... https://www.scmp.com/article/978062/damaging-blow-our-lifeblood?utm_source=rss_feed https://www.scmp.com/article/978062/damaging-blow-our-lifeblood?utm_source=rss_feed Sat, 03 Sep 2011 16:00:00 +0000 Cosco International, the marine fuel, paint and ship-trading subsidiary of the mainland's largest shipping company, is targeting acquisitions to boost the profitability of its shipping services division. This comes as talks continue over the possibility of acquiring a 50 per cent stake in China Marine Bunker (PetroChina) from parent company China Ocean Shipping (Group). Wang Xiaodong, Cosco International managing director, avoided mentioning specific takeover targets yesterday, but said the... https://www.scmp.com/article/977764/cosco-sticks-its-acquisition-strategy?utm_source=rss_feed https://www.scmp.com/article/977764/cosco-sticks-its-acquisition-strategy?utm_source=rss_feed Wed, 31 Aug 2011 16:00:00 +0000 Today Interim: Beijing Media Corp, Beijing North Star, CASH Financial Services Group, China Citic Bank Corp, China Eastern Airlines Corp, China Railway Construction Corp, China Railway Group, First Pacific, Foxconn International Holdings, Glorious Property Holdings, Gome Electrical Appliances Holding, Guangdong Investment, Kingboard Chemical Holdings, Kingboard Laminates Holdings, Samsonite International, Sands China, Semiconductor Manufacturing International Corp, Shun Tak Holdings, Sinopec... https://www.scmp.com/article/977492/reporting-week?utm_source=rss_feed https://www.scmp.com/article/977492/reporting-week?utm_source=rss_feed Sun, 28 Aug 2011 16:00:00 +0000 Monday Final: China Huiyuan Juice Group, China Lilang, China Taiping Insurance Holdings, First Pacific, Hutchison Telecommunications Hong Kong Holdings, Tingyi (Cayman Islands) Holding Corp, Wynn Macau Tuesday Final: China Coal Energy, China Life Insurance, China Oilfield Services, China Telecom Corp, Datang Int'l Power Generation, Maanshan Iron & Steel, PCCW, Shimao Property Holdings, Sichuan Expressway Wednesday Final: Chinese Estates Holdings, CNOOC, Cosco Pacific, Dah Sing Banking Group,... https://www.scmp.com/article/741572/companies?utm_source=rss_feed https://www.scmp.com/article/741572/companies?utm_source=rss_feed Sun, 20 Mar 2011 16:00:00 +0000 The University of Oxford is seeking a seasoned marketing and communications professional to organise alumni relations and events for its China office, based in Hong Kong. The role involves providing quality service and maintaining multimedia communication with alumni throughout China. Key activities also include organising all aspects of public events, including budgeting, selecting partners and venues, and promotion. Extensive event management experience is required. Outstanding... https://www.scmp.com/article/712315/alumni-relations-events-and-communications-manager?utm_source=rss_feed https://www.scmp.com/article/712315/alumni-relations-events-and-communications-manager?utm_source=rss_feed Thu, 22 Apr 2010 16:00:00 +0000 Hong Kong Management Association Quality Award The Quality Award was first launched in 1991 by The Hong Kong Management Association to reward dedication to quality in every organisational function. The award, the association's most prestigious, brings public recognition to organisations that have achieved outstanding standards of quality management. The award, which is based on the renowned American Malcolm Baldrige National Quality Award judging criteria, is open to applicants from all fields... https://www.scmp.com/article/644765/fact-box?utm_source=rss_feed https://www.scmp.com/article/644765/fact-box?utm_source=rss_feed Thu, 10 Jul 2008 16:00:00 +0000 Today 1st Quarter: Advanced Semiconductor Manufacturing Corporation, Parkson Retail Group, SMI Publishing Group Final: Buildmore International AGM: AEON Stores (Hong Kong), Anhui Expressway, Arts Optical International, CCT Tech International, China Agri-Products Exchange, China Merchants Holdings, China Mining Resources, China Pharmaceutical, China Wireless Technologies, Comba Telecom Systems, COSCO International, DaChan Food (Asia), Enric Energy Equipment, First Shanghai Investments, ... https://www.scmp.com/article/638672/results?utm_source=rss_feed https://www.scmp.com/article/638672/results?utm_source=rss_feed Thu, 22 May 2008 16:00:00 +0000 Today 1st Quarter: China Merchants Bank, China Shipping Development, Huaneng Power International, Jiangxi Copper Final: Beijing Media, China COSCO Holdings, China National Materials, China Pipe Group, Far East Holdings International, Fortune Sun (China) Holdings, Foxconn International Holdings, Franshion Properties (China), Genesis Energy Holdings, Global Bio-chem Technology Group, Grand Field Group Holdings, Hop Fung Group Holdings, Hualing Holdings, Jackin International Holdings, Jingwei... https://www.scmp.com/article/634694/results?utm_source=rss_feed https://www.scmp.com/article/634694/results?utm_source=rss_feed Mon, 21 Apr 2008 16:00:00 +0000 Tomorrow Interim: UDL Holdings April 6 Final: Sunny Optical Technology April 7 Final: AAC Acoustic Technologies Holdings, AMVIG Holdings, COSCO Pacific, Omnicorp, Prosperity Investment Holdings, Shanghai Allied Cement, Sinopec Shanghai Petrochemical, Sinopec Yizheng Chemical Fibre, Tristate Holdings, Wasion Meters Group April 8 Interim: Far East Pharmaceutical Technology Final: APT Satellite Holdings, Beijing Development (Hong Kong), Beijing Enterprises Holdings, Build King Holdings, China... https://www.scmp.com/article/632426/results?utm_source=rss_feed https://www.scmp.com/article/632426/results?utm_source=rss_feed Thu, 03 Apr 2008 16:00:00 +0000 University of Oxford yesterday opened its first China representative office in Hong Kong, to strengthen academic links with the mainland. The office, at Cosco Tower in Central, was also aimed at retaining connections with alumni in Hong Kong, said Jon Dellandrea, a pro-vice-chancellor for development and external affairs. 'Opening this office is an integral part of the University of Oxford's international strategy, and demonstrates the importance of Hong Kong and China to our present and our... https://www.scmp.com/article/616827/oxford-establishes-first-china-link-hk?utm_source=rss_feed https://www.scmp.com/article/616827/oxford-establishes-first-china-link-hk?utm_source=rss_feed Fri, 23 Nov 2007 16:00:00 +0000 Shares of Sino-Ocean Land Holdings, a Beijing-based property firm, gained 42.86 per cent on their trading debut in Hong Kong, even as the central government announced a new round of measures to cool the property sector. The price of the shares surged 46.49 per cent in early trading to HK$11.28 before closing at HK$11, in line with expectations. More than HK$8.32 billion worth of shares changed hands during the day. Sino-Ocean, which has a strong presence in the Bohai Rim near Beijing,... https://www.scmp.com/article/609665/sino-ocean-soars-43pc-debut-despite-latest-cooling-measures?utm_source=rss_feed https://www.scmp.com/article/609665/sino-ocean-soars-43pc-debut-despite-latest-cooling-measures?utm_source=rss_feed Fri, 28 Sep 2007 16:00:00 +0000 Cosco International Holdings, a unit of China Ocean Shipping (Group), said net profit surged 300 per cent in the first half, thanks to earnings from its property unit that it is spinning off. Profit rose to HK$400.3 million for the first six months from HK$99.8 million a year ago, while turnover increased to HK$1.14 billion from HK$874.4 million. Cosco, whose core businesses range from container coatings to ship trading to insurance broking, booked profit of HK$328 million from its property... https://www.scmp.com/article/608572/property-unit-boosts-cosco-profit-300pc?utm_source=rss_feed https://www.scmp.com/article/608572/property-unit-boosts-cosco-profit-300pc?utm_source=rss_feed Wed, 19 Sep 2007 16:00:00 +0000 Print is not dead, according to some of the Hong Kong's biggest firms. Several blue-chip companies will continue to use newspaper advertisements to communicate with investors despite the stock exchange no longer making it mandatory. Hang Seng Bank will put a summary of its financial results in newspapers to maintain its investor relations efforts while Cosco Pacific plans a combination of electronic and newspaper advertisements. From June 25, companies were no longer required to buy ad space... https://www.scmp.com/article/603248/print-ads-now-vehicle-investor-relations?utm_source=rss_feed https://www.scmp.com/article/603248/print-ads-now-vehicle-investor-relations?utm_source=rss_feed Mon, 06 Aug 2007 16:00:00 +0000 Panel of Judges David K. P. Li GBS JP, chairman and chief executive, Bank of East Asia Giovanni Angelini, chief executive and managing director, Shangri-La Hotels and Resorts Alfred W. K. Chan BBS, managing director, Hong Kong and China Gas John C. C. Chan GBS JP, managing director, Transport International Holdings Professor Edward K. Y. Chen GBS JP, president, Lingnan University Philip N. L. Chen SBS JP, chairman, John Swire & Sons (China) and deputy chairman, Cathay Pacific... https://www.scmp.com/article/598321/glance?utm_source=rss_feed https://www.scmp.com/article/598321/glance?utm_source=rss_feed Tue, 26 Jun 2007 16:00:00 +0000 Hongkonger proves to be a boon for shipping giant When Kelvin Wong Tin-Yau joined red chip Cosco Pacific, the world's fifth-largest port operator and container leasing company, a decade ago it was a case of culture shock for the born and bred Hongkonger. Mr Wong, now the company's executive director and deputy managing director, found his mainland colleagues had a different approach to business than 'go-getting' Hong Kong where all that matters was getting the best deal even if your... https://www.scmp.com/article/598123/wong-keeps-cosco-pacific-shipshape?utm_source=rss_feed https://www.scmp.com/article/598123/wong-keeps-cosco-pacific-shipshape?utm_source=rss_feed Sun, 24 Jun 2007 16:00:00 +0000 Today Final: APT Satellite Holdings, China Pharmaceutical Group, China Wireless Technologies, CNPC (Hong Kong), COSCO International Holdings, First Pacific, Foxconn International Holdings, Geely Automobile Holdings, Glorious Sun Enterprises, Great Eagle Holdings, High Fashion International, Minmetals Resources, PacMOS Technologies Holdings, Ping An Insurance (Group) Co. of China, Shanghai Zendai Property, Singamas Container Holdings, Sun Hung Kai & Co, Symphony Holdings, Theme International... https://www.scmp.com/article/588506/results?utm_source=rss_feed https://www.scmp.com/article/588506/results?utm_source=rss_feed Tue, 10 Apr 2007 16:00:00 +0000 Cosco International Holdings will book a HK$280 million unrealised gain from selling a stake in its property arm ahead of a spin-off. The company sold a 13.2 per cent in Sino Ocean Real Estate Development, its property unit which plans to raise about US$400 million through an initial public offering this year, to an investor. As a result, Cosco International's stake in Sino Ocean shrank to 30.8 per cent from 44 per cent. The company did not identify the purchasers. Shares in Cosco... https://www.scmp.com/article/583541/sino-ocean-stake-sold-hk280m?utm_source=rss_feed https://www.scmp.com/article/583541/sino-ocean-stake-sold-hk280m?utm_source=rss_feed Fri, 02 Mar 2007 16:00:00 +0000 Today Interim: Baoye Group, Bright International Group, China Pharmaceutical Group, China Ting Group Holdings, COSCO Pacific, First Pacific, Hong Kong Building and Loan Agency, Melco International Development, NewOcean Energy Holdings, Prosperity Investment Holdings, Sun Innovation Holdings, Tradelink Electronic Commerce, Yue Da Holdings AGM: Pacific Andes International Holdings Tomorrow Interim: CNPC (Hong Kong), Comba Telecom Systems Holdings, Dan Form Holdings, Guangdong Tannery, Junefield... https://www.scmp.com/article/563041/results-diary?utm_source=rss_feed https://www.scmp.com/article/563041/results-diary?utm_source=rss_feed Wed, 06 Sep 2006 16:00:00 +0000 Maersk to acquire 20pc interest in nansha port AP Moller-Maersk Group, the largest container shipping company, has reached an agreement with Cosco Pacific to buy a 20 per cent stake in the second phase of Nansha Port, located at the mouth of the Pearl River Delta. Total investment in the port, in which Cosco originally owned 59 per cent, will be 4.01 billion yuan and the capital commitment of Maersk will be equal to 800 million yuan. Cosco's shareholding in the six berths will drop to 39... https://www.scmp.com/article/561200/business-digest?utm_source=rss_feed https://www.scmp.com/article/561200/business-digest?utm_source=rss_feed Tue, 22 Aug 2006 16:00:00 +0000 Cosco International Holdings predicts a recovery in its ship trading business this year. The company saw a 20 per cent drop in the tonnage of ship transactions last year, which vice-chairman Liu Guoyuan put down to the time lag between a ship being ordered, built and delivered. 'The process normally takes two to four years. Many shipping lines have been making a lot of big orders since 2004, so we can expect more deliveries this year,' he said. Although the firm saw a 126.5 per cent rise in... https://www.scmp.com/article/542716/cosco-tips-rebound-ship-trading-business?utm_source=rss_feed https://www.scmp.com/article/542716/cosco-tips-rebound-ship-trading-business?utm_source=rss_feed Thu, 30 Mar 2006 16:00:00 +0000 Today Interim: Aeon Credit Service (Asia), China Velocity Group, Ching Hing (Holdings), Cosco International Holdings, Far East Technology International, Fortune Telecom Holdings, GeoMaxima Energy Holdings, Global Bio-chem Technology Group, Greater China Holdings, Hop Fung Group Holdings, Hualing Holdings, Lei Shing Hong, Luen Thai Holdings, Omnicorp, PacMos Technologies Holdings, Perfectech International Holdings, Prime Success International Group, Semiconductor Manufacturing International... https://www.scmp.com/article/517259/results-diary?utm_source=rss_feed https://www.scmp.com/article/517259/results-diary?utm_source=rss_feed Wed, 21 Sep 2005 16:00:00 +0000 Today Interim: Allied Group, Allied Properties (HK), Century City International Holdings, China COSCO Holdings, China Everbright, China Everbright International, China Rare Earth Holdings, China Resources Land, Comba Telecom Systems Holdings, Coslight Technology International Group, DVN (Holdings), Earnest Investments Holdings, Golik Holdings, Greenfield Chemical Holdings, Intcera High Tech Group, Kader Holdings, Kingdee International Software Group, NewOcean Green Energy Holdings, Ocean Grand... https://www.scmp.com/article/516299/results-diary?utm_source=rss_feed https://www.scmp.com/article/516299/results-diary?utm_source=rss_feed Wed, 14 Sep 2005 16:00:00 +0000 'Because of a telephone transmission error, a front-page article yesterday about Walt Disney's plans to serve shark's fin soup at its theme park in Hong Kong misstated the species of another Asian culinary delicacy, which had been seized by the authorities. It was pangolins, a type of anteater, not penguins.' From a correction in The New York Times 'Certain statements made by the chairman at the company's press conference were his personal views only and should not be interpreted as the... https://www.scmp.com/article/505855/quotes-week?utm_source=rss_feed https://www.scmp.com/article/505855/quotes-week?utm_source=rss_feed Fri, 24 Jun 2005 16:00:00 +0000 Today Interim: Hang Lung Group, Hang Lung Properties, Sun Hung Kai Properties Final: Convenience Retail Asia, COSCO International Holdings, i-CABLE Communications, K. Wah Construction Materials, K. Wah International, Liu Chong Hing Bank, Liu Chong Hing Investment Tomorrow Interim: Credit Card DNA Security System (Holdings) Final: COSCO Pacific Mar 7 Quarter: B M Intelligence International Final: Dawnrays Pharmaceutical (Holdings), Hutchison Global Communications Holdings, Hutchison... https://www.scmp.com/article/491010/results-diary?utm_source=rss_feed https://www.scmp.com/article/491010/results-diary?utm_source=rss_feed Wed, 02 Mar 2005 16:00:00 +0000 Today Interim: SmarTone Telecommunications Holdings Final: China Resources Cement Holdings, CLP Holdings, Hang Seng Bank, hongkong.com, Hong Kong Exchanges and Clearing, HSBC Holdings, Jinhui Holdings, People's Food Holdings, Weiqiao Textile, Winfoong International Tomorrow Quarter: Digital China Holdings Final: China Shipping Development, Hongkong and Shanghai Hotels, International Bank of Asia, Lifestyle International Holdings, MTR Corporation, Pacific Basin Shipping, Wumart Stores Mar 2... https://www.scmp.com/article/490664/results-diary?utm_source=rss_feed https://www.scmp.com/article/490664/results-diary?utm_source=rss_feed Sun, 27 Feb 2005 16:00:00 +0000 HK foreign currency reserves on the rise Hong Kong's official foreign currency reserve assets increased to US$123.6 billion at the end of last month from US$121.5 billion a month earlier, according to the Hong Kong Monetary Authority. Hong Kong remains in sixth spot in foreign currency reserves rankings, after Japan, the mainland, Taiwan, Korea and India. Cosco takes big slice of CImc in share transfer Cosco Pacific has become one of the largest shareholders of Shenzhen-listed China... https://www.scmp.com/article/484723/brief?utm_source=rss_feed https://www.scmp.com/article/484723/brief?utm_source=rss_feed Fri, 07 Jan 2005 16:00:00 +0000 Sept 13 1st Qtrly: Linmark Group. Quarter: BN Intelligence. Qtrly/Interim: WLS Holdings. Interim: Arts Optical, Broad Intell, Grand Field Group, Hantec Inv Holdings, Incutech Investment, Lee Hing, Shanghai Zendai, Sunday Comm, Unity Inv Holdings, Varitronix Int'l, Wealthmark Int'l. 3rd Qtrly: B.A.L. Holdings. Sept 14 Interim: Casil Telecom, China Insurance, Greater China , High Fashion, Karce Int'l Holdings, Peaktop Int'l, Shun Tak Holdings, Soundwill Holdings, Sun Hung Kai Co, Tai Fook Sec,... https://www.scmp.com/article/470196/results-diary?utm_source=rss_feed https://www.scmp.com/article/470196/results-diary?utm_source=rss_feed Sun, 12 Sep 2004 16:00:00 +0000 Sept 13 1st Qtrly: Linmark Group. Quarter: BN Intelligence. Qtrly/Interim: WLS Holdings. Interim: Arts Optical, Broad Intell, Grand Field Group, Hantec Inv Holdings, Incutech Investment, Lee Hing, Shanghai Zendai, Sunday Comm, Unity Inv Holdings, Varitronix Int'l, Wealthmark Int'l. 3rd Qtrly: B.A.L. Holdings. Sept 14 Interim: Casil Telecom, China Insurance, Greater China , High Fashion, Karce Int'l Holdings, Peaktop Int'l, Shun Tak Holdings, Soundwill Holdings, Sun Hung Kai Co, Tai Fook Sec,... https://www.scmp.com/article/469953/results-diary?utm_source=rss_feed https://www.scmp.com/article/469953/results-diary?utm_source=rss_feed Fri, 10 Sep 2004 16:00:00 +0000 Urania Chan Partner, Richards Butler Ms Chan specialises in property work in Hong Kong and the mainland. Other new partners include Andrew Horton, who deals with shipping and international trade litigation; and Mok Ka-chung, Janet Cheung, Warren Ko and Ivy Lai, who specialise in corporate finance and general commercial issues. Liu Hanbo Managing director, Cosco International Holdings Mr Liu also becomes an executive director. He will continue to serve as vice-president of Cosco (Hong Kong)... https://www.scmp.com/article/369248/appointments?utm_source=rss_feed https://www.scmp.com/article/369248/appointments?utm_source=rss_feed Sun, 20 Jan 2002 16:00:00 +0000 MONDAY, JUNE 28 Man Sang International to hold a news conference to review its annual results. Chief Secretary for Administration Anson Chan Fang On-sang and delegation return to Hong Kong after a trip to promote the SAR in the United States, Canada and Mexico. Kingboard Chemical Holdings announce final results. Cosco International Holdings AGM, Cosco Tower. TUESDAY, JUNE 29 Prominent British barrister Helena Kennedy speaks about links between law and news freedom at the Foreign Correspondents... https://www.scmp.com/article/286362/diary?utm_source=rss_feed https://www.scmp.com/article/286362/diary?utm_source=rss_feed Sat, 26 Jun 1999 16:00:00 +0000 More than 200 guests, including high-fliers from the worlds of shipping, banking and finance, attended the Cosco Group's cocktail reception at the Conrad to celebrate the Year of the Rabbit. Group president Dong Jiufeng and chairman Chen Zhongbiao made speeches before drinks and a buffet. https://www.scmp.com/article/280846/party-catches-guests-hop?utm_source=rss_feed https://www.scmp.com/article/280846/party-catches-guests-hop?utm_source=rss_feed Sun, 02 May 1999 16:00:00 +0000 Cosco International Holdings, a listed property and infrastructure arm of the mainland's largest shipping company, has started work on its residential development project in Shanghai. Total investment cost of the Xianggang Garden is about 760 million yuan (about HK$707.48 million). https://www.scmp.com/article/277633/cosco-starts-shanghai-project?utm_source=rss_feed https://www.scmp.com/article/277633/cosco-starts-shanghai-project?utm_source=rss_feed Thu, 01 Apr 1999 16:00:00 +0000 Red chip China Merchants Holdings (International) is expected to announce a personnel reshuffle tomorrow as part of an overhaul by its ultimate holding parent, the Ministry of Communications. The ministry is overhauling its two business arms, China Merchants Holdings (CMH) and China Ocean Shipping (Group) Co (Cosco). It was reported that Cosco Hong Kong executive vice-chairman and president Zhang Dachun would replace Li Yinfei as CMH president, while Mr Zhang would be replaced by Dong Jiufeng,... https://www.scmp.com/article/265322/personnel-reshuffle-works?utm_source=rss_feed https://www.scmp.com/article/265322/personnel-reshuffle-works?utm_source=rss_feed Wed, 09 Dec 1998 16:00:00 +0000 Judges singled out two new entries in the general category for special praise among the seven companies awarded honourable mentions. In their report, the adjudicators wrote: 'The overall standard of the reports this year remained high. It was gratifying to note that a number of new entries, such as Cosco Pacific and Guangdong Kelon Electrical Holdings, produced reports of a high enough standard to be awarded honourable mentions.' The judges hoped this trend would continue and that more... https://www.scmp.com/article/263950/newcomers-quick-mark-honourable-mentions?utm_source=rss_feed https://www.scmp.com/article/263950/newcomers-quick-mark-honourable-mentions?utm_source=rss_feed Fri, 27 Nov 1998 16:00:00 +0000 Moody's Investors Service has placed certificates issued by a subsidiary of the China Ocean Shipping (Group) Co (Cosco) under review for a possible downgrade, citing a deteriorating operating environment for the shipping industry. The international -rating agency said the action was prompted by the weakening financial strength of Cosco - the mainland's biggest shipping company. In July last year, Cosco's United States arm privately sold US$300 million in bonds through its Cosco (Cayman)... https://www.scmp.com/article/259003/certificates-cosco-subsidiary-review?utm_source=rss_feed https://www.scmp.com/article/259003/certificates-cosco-subsidiary-review?utm_source=rss_feed Fri, 16 Oct 1998 16:00:00 +0000 Losses at red chip Cosco International Holdings widened in the first six months of the year to a net $76.98 million after provisions of up to $87 million for securities investments and property projects. The Hong Kong-listed property and construction arm of state-run China Ocean Shipping (Group) Co (Cosco) was hit by falling property and stock prices. Cosco International said a $35 million provision was made against the fall in value of listed investments, $37 million for the dwindling price... https://www.scmp.com/article/256026/falling-values-hurt-cosco-net?utm_source=rss_feed https://www.scmp.com/article/256026/falling-values-hurt-cosco-net?utm_source=rss_feed Mon, 21 Sep 1998 16:00:00 +0000 Red chip Cosco International Holdings has awarded a S$13.48 million (about HK$60.45 million) contract for a residential development project in Singapore. The contract was tendered to the firm's wholly owned Shun Shing Construction & Engineering by Cosland (SR) Development, a subsidiary of the red chip's parent China Ocean Shipping (Group). Following the award of the tender, Shun Shing and Cosco Industry, another subsidiary of Cosco, entered into a project co-operation agreement on July 21 to... https://www.scmp.com/article/255532/cosco-company-wins-singapore-property-development-contract?utm_source=rss_feed https://www.scmp.com/article/255532/cosco-company-wins-singapore-property-development-contract?utm_source=rss_feed Thu, 17 Sep 1998 16:00:00 +0000 Negotiations between Washington and Beijing attempting to break the impasse on maritime relations broke down after just two days with no progress made, mainland officials said. The talks, from August 24 to 25, had been scheduled to last a week, said Gao Haiyun, a spokesman for the Chinese Ministry of Communications, according to a Maritime Asia Today report. A team of negotiators from the US Department of Transportation's Maritime Administration led by Clyde Hart left the mainland soon... https://www.scmp.com/article/254003/us-china-maritime-talks-break-down?utm_source=rss_feed https://www.scmp.com/article/254003/us-china-maritime-talks-break-down?utm_source=rss_feed Thu, 03 Sep 1998 16:00:00 +0000 Red-chip Cosco International Holdings has applied the brake to its property expansion in Hong Kong because of the weakened state of the real-estate sector. Managing director Gordon Kwong Che-keung said property investments in Hong Kong and the mainland usually were the company's major earnings stream. 'However, in view of the downturn of the Hong Kong real-estate sector, the company will shift its focus on the mainland property market,' he said. Hong Kong property prices are reported to... https://www.scmp.com/article/241425/cosco-looks-mainland-expansion?utm_source=rss_feed https://www.scmp.com/article/241425/cosco-looks-mainland-expansion?utm_source=rss_feed Tue, 19 May 1998 16:00:00 +0000 New World Development appears to have changed its marketing strategy after temporarily putting on hold the sale of any further floors at Cosco Tower in Sheung Wan. Yesterday, it cancelled a press conference at which it was expected to announce further sales of the 55-storey, 850,000 square feet Cosco Tower which is jointly developed with the Land Development Corp. New World Development attributed the cancellation of the conference to a change in marketing strategy. According to property... https://www.scmp.com/article/241265/new-world-changes-marketing-strategy?utm_source=rss_feed https://www.scmp.com/article/241265/new-world-changes-marketing-strategy?utm_source=rss_feed Mon, 18 May 1998 16:00:00 +0000 Cosco International Holdings yesterday announced its first foray into the mainland residential development market, saying it would spend 831.55 million yuan (about HK$772.8 million) on a Shanghai urban redevelopment project. The venture continues the red chip's expansion trail since the mainland's largest shipping company bought control last July. The company paid $2.2 billion two months ago for a stake in a mainland power plant and part of a Hong Kong office tower. Vice-chairman Zhang... https://www.scmp.com/article/238128/cosco-unit-moves-shanghai-housing?utm_source=rss_feed https://www.scmp.com/article/238128/cosco-unit-moves-shanghai-housing?utm_source=rss_feed Thu, 23 Apr 1998 16:00:00 +0000 Cosco International Holdings has been awarded the tender for the Private Sector Participation Scheme project at Aberdeen's Shum Wan Road with a total land premium payable of $390 million. The project will comprise two 38-storey and two 39-storey blocks with a saleable area 75,727 square metres or 1,549 units. Shun Sing Construction and Engineering, a wholly-owned subsidiary of Cosco International, will develop and build the project. https://www.scmp.com/article/219003/cosco-lands-project?utm_source=rss_feed https://www.scmp.com/article/219003/cosco-lands-project?utm_source=rss_feed Wed, 12 Nov 1997 16:00:00 +0000 Message As the SAR's premier management organisation, the Hong Kong Management Association is uniquely placed to assist local companies in upgrading the effectiveness and efficiency of management. To achieve this objective, the annual HKMA Quality Award was introduced in 1991. The purpose of the award is to reward commitment in an age of change and to give recognition to those who have achieved outstanding standards of quality and made a lasting commitment to the process of quality... https://www.scmp.com/article/213316/contest-has-spurred-rise-standards?utm_source=rss_feed https://www.scmp.com/article/213316/contest-has-spurred-rise-standards?utm_source=rss_feed Sun, 28 Sep 1997 16:00:00 +0000 Premier Li Peng held a meeting with red-chip chiefs during his visit to Hong Kong and encouraged them to learn from the experiences of foreign and local conglomerates here, according to executives present. Rumours have suggested that the slump in red-chip and H-share prices in the past two days were linked to alleged criticism by Mr Li of recent red-chip speculation, pricing and asset injection activities. The vice-chairman of Cosco (Hong Kong) Group and the chief of its two listed arms,... https://www.scmp.com/article/212606/example-seen-red-chips?utm_source=rss_feed https://www.scmp.com/article/212606/example-seen-red-chips?utm_source=rss_feed Tue, 23 Sep 1997 16:00:00 +0000 Cosco (Hong Kong) Group, an arm of China's largest conglomerate, will lease seven of the 15 floors of its headquarters in Sheung Wan, according to property agents. While Cosco will occupy the top floors of the 52-storey building, agents said they would lease out floors 39 to 45 inclusively, which amount to about 160,000 square feet of grade A office space. Rents have not been fixed, but it is believed Cosco could ask for between $45 to $48 per square foot on the gross, agents said. A... https://www.scmp.com/article/207327/cosco-lease-seven-floors-grade-space-sheung-wan?utm_source=rss_feed https://www.scmp.com/article/207327/cosco-lease-seven-floors-grade-space-sheung-wan?utm_source=rss_feed Tue, 12 Aug 1997 16:00:00 +0000 Mutual shipping issues will be discussed by United States and Chinese officials and shipping line representatives in Beijing this week. Representatives of American President Lines, Sea-Land Service, Cosco and Sinotrans are expected to attend the meeting. The last official gathering involving China and the United States was held in April 1995. Sea-Land Service vice-president for law and regulatory affairs Stuart Breidbart said there had not been any formal consultation on shipping issues... https://www.scmp.com/article/201394/reciprocity-key-issue-beijing-talks?utm_source=rss_feed https://www.scmp.com/article/201394/reciprocity-key-issue-beijing-talks?utm_source=rss_feed Tue, 24 Jun 1997 16:00:00 +0000 Property investment company Shun Shing has confirmed it is in discussions with its holding company Cosco (Hong Kong) about making additional acquisitions. No details were available about the planned deals. https://www.scmp.com/article/201048/acquisitions-eyed?utm_source=rss_feed https://www.scmp.com/article/201048/acquisitions-eyed?utm_source=rss_feed Sun, 22 Jun 1997 16:00:00 +0000