COSCO pays over US$800 million for minority stake in COFCO Fortune
date:Jan 19, 2023
transaction, down from 89.7% earlier.

COSCO SHIPPING Holdings and COFCO Fortune are expected to explore operations involving resources such as container yards, warehouses, and terminal ports.

Several state-linked companies, including the management council of China's basic pension insurance fund and the asset management arm of China Life Insurance, have also participated in COFCO Fortune's capital increase. Additionally, Houke Fulin, a fund affiliated with private equity company Hopu Investmen
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