Understanding the Market | COSCO SHIPPING Energy rises over 9%, plans to acquire all shares of Shanghai Liquefied Gas for 598 million yuan to further integrate LPG transportation business assets
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COSCO SHIPPING Energy's stock price rose by 9.24%, closing at HKD 10.88, with a trading volume of HKD 263 million. The company plans to acquire all shares of Shanghai Liquefied Gas for HKD 598 million, further integrating its LPG transportation business assets. This acquisition is expected to enhance the company's overall operating performance and sustainability, creating favorable conditions for subsequent major projects
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