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No catalyst for this counter. Is mirroring the samudera movements only.
trader1970 ( Date: 12-Apr-2024 11:39) Posted:
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Why ang mo BBs quietly accumulating all the sellers throw?...mmmmm... Interesting... Seems like it will ready to have some action to test 52 week high... Holding power and patience is important to play this counter... Watch 
Tested ....MS, JPM, Goldman buying.... It should be pushed up soon tmr?... :):):)
This piece of new quite obvious isn?t cosco sg
aragosta ( Date: 04-Apr-2024 23:48) Posted:
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COSCO SHIPPING Issues 100,000th E-Bill of Lading, GSBN Wins Digital Trade Gold Award at Global Digital Trade Expo
On November 24, the 100,000th blockchain-based electronic bill of lading from COSCO SHIPPING was issued to a cross-border e-commerce customer in Shenzhen by COSCO SHIPPING Lines.
Since the beginning of this year, COSCO SHIPPING has provided secure and efficient blockchain-based electronic bill of lading services to over 7,500 customers. These customers include bulk transportation and oil transportation customers with large volumes, as well as those requiring diverse transportation services, and small, medium, and micro customers from various industries.
COSCO SHIPPING connects upstream and downstream partners through the Global Shipping Business Network (GSBN) platform, establishing an efficient and trustworthy digital ecosystem. We work closely with ecological partners, integrate industry boundaries using data, and build a new digital trade ecology based on mutual trust, making trade easier through digital empowerment.
Additionally, at the recently concluded 2nd Global Digital Trade Expo, GSBN won the Digital Trade Gold Award (DT Award) for its business innovation of blockchain-based electronic bill of lading.
At the 1st China International Import Expo (CIIE) in 2018, COSCO SHIPPING Lines was one of the initiators and led the establishment of GSBN, aiming to combat industry fragmentation and create value for all participants through extensive connections.
As of October 2023, nearly 30 companies, including airlines, ports, third-party issuers, finance, and insurance, have officially joined GSBN. Based on GSBN, COSCO SHIPPING has launched a blockchain-based paperless cargo release product, deployed in major domestic hub ports, and promoted to a number of overseas countries, significantly reducing import cargo release time from 1-2 days to less than 4 hours.
(From COSCO Shipping Corp Ltd. Website)
Wait a minute, we need to clarify two entities:
1) COSCO SHIPPING Development Co., Ltd., (2866.HK) together with its subsidiaries, operates in the integrated logistics industry in China.
2) COSCO SHIPPING International (Singapore) Co., Ltd. (F83.SI) aims to become one of the leading integrated logistics service providers in South and Southeast Asia. It is also involved in dry bulk shipping, ship repair and marine engineering as well as property management through various subsidiaries. The Company is ultimately controlled by China COSCO SHIPPING Corporation Limited, a state-owned enterprise established in the People' s Republic of China.
Both companies are called COSCO shipping but are separate corporate entities and have different listing countries. However both come under COSCO Shipping Corp headquartered in China.
1) COSCO SHIPPING Development Co., Ltd., (2866.HK) together with its subsidiaries, operates in the integrated logistics industry in China.
2) COSCO SHIPPING International (Singapore) Co., Ltd. (F83.SI) aims to become one of the leading integrated logistics service providers in South and Southeast Asia. It is also involved in dry bulk shipping, ship repair and marine engineering as well as property management through various subsidiaries. The Company is ultimately controlled by China COSCO SHIPPING Corporation Limited, a state-owned enterprise established in the People' s Republic of China.
Both companies are called COSCO shipping but are separate corporate entities and have different listing countries. However both come under COSCO Shipping Corp headquartered in China.
TraderBen ( Date: 04-Apr-2024 19:20) Posted:
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Cosco shipping listed in hkse.
TraderBen ( Date: 04-Apr-2024 19:20) Posted:
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Cosco shipping it is.
Sell COSCO Singapore but buy COSCO shipping
Sell COSCO Singapore but buy COSCO shipping
MrBear12 ( Date: 02-Apr-2024 06:55) Posted:
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Is this COSCO from sg or China?
aragosta ( Date: 04-Apr-2024 18:27) Posted:
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COSCO CHINA lor.. who else
aragosta ( Date: 04-Apr-2024 16:53) Posted:
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Bought [email protected]
lsk007 ( Date: 03-Apr-2024 18:59) Posted:
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steady!.. haha
lsk007 ( Date: 03-Apr-2024 18:59) Posted:
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Bought [email protected] today
Bought [email protected] last week
No $3 no sell
22c today
JOINT VENTURE BETWEEN
COGENT HOLDINGS PTE. LTD. AND EASTERN (1961) HOLDING PTE. LTD.
1. INTRODUCTION
The Board of Directors (the ?Board?) of COSCO SHIPPING International (Singapore) Co., Ltd. (the ?Company?, and together with its subsidiaries, the ?Group?) wishes to announce that Cogent Holdings Pte. Ltd. (?Cogent?), a wholly-owned subsidiary of the Company, has on 2 April 2024 entered into a joint venture agreement (the ?JV Agreement?) with Eastern (1961) Holding Pte. Ltd. (?Eastern?) (Cogent and Eastern collectively, the ?Parties?), pursuant to which the Parties shall incorporate a joint venture company (the ?JV Company?) to carry out the business of providing container body repairs, as well as maintenance and modifications to the container body for customers in Singapore and such other Southeast Asian countries which both Parties may agree from time to time (the ?Joint Venture?).
2. INFORMATION ON EASTERN
Eastern is a private limited company incorporated in Singapore in the year 1961. Eastern provides maintenance and repair services on reefer and dry containers for shipping lines and container leasing companies, as well as ship-kits management for shipping lines.
3. SALIENT TERMS OF THE JV AGREEMENT
3.1 Pursuant to the JV Agreement, the Parties will procure the incorporation of the JV Company under the name ?Cogent Eastern Precision Pte Ltd? or such other name as may be agreed by the Parties and approved by the Accounting and Corporate Regulatory Authority of Singapore.
3.2 The initial share capital of the JV Company shall be S$500,000, of which S$300,000 shall be contributed by Cogent and S$200,000 shall be contributed by Eastern, all in cash. In return for such capital contributions, the JV Company shall issue shares to the Parties at the issue price of S$1 per share, and upon incorporation of the JV Company, Cogent and Eastern shall respectively own the following:
Party
Cogent Eastern
Number of shares
300,000 200,000
Ownership Percentage
60% 40%
3.3 The board of directors of the JV Company shall comprise three Directors. Cogent shall appoint two Directors and Eastern shall appoint one Director.
4. RATIONALE FOR THE JOINT VENTURE
Given the limited number of container repair service providers in Singapore, container repair service is a niche market. The Joint Venture will enable the Parties to collaborate by bringing together Cogent?s industry expertise in logistics services and Eastern?s specialised knowledge in repair services, to create a robust and competitive market as a container repair service provider. In addition, the Joint Venture is able to undertake repairs for the Group?s own containers which will enhance the Group?s operational efficiency and provide cost savings. The Group is also able to tap on the benefits of the Joint Venture to further develop the supply chain market in Southeast Asia, derive industry supply chain value, further enhance the supply chain products in Southeast Asia, and improve the level of end-to-end business customer service.
5. FINANCIAL IMPACT
Cogent?s subscription of the shares in the JV Company will be funded through internal resources. The Joint Venture is not expected to have any material impact on the net tangible assets and earnings per share of the Company for the financial year ending 31 December 2024.
6. INTEREST OF DIRECTORS AND CONTROLLING SHAREHOLDERS
None of the directors or the controlling shareholder of the Company has any interest, direct or indirect, in the Joint Venture, save for their shareholdings in the Company, if any.
By Order of the Board Zhu Jian Dong Chairman and President 2 April 2024
COGENT HOLDINGS PTE. LTD. AND EASTERN (1961) HOLDING PTE. LTD.
1. INTRODUCTION
The Board of Directors (the ?Board?) of COSCO SHIPPING International (Singapore) Co., Ltd. (the ?Company?, and together with its subsidiaries, the ?Group?) wishes to announce that Cogent Holdings Pte. Ltd. (?Cogent?), a wholly-owned subsidiary of the Company, has on 2 April 2024 entered into a joint venture agreement (the ?JV Agreement?) with Eastern (1961) Holding Pte. Ltd. (?Eastern?) (Cogent and Eastern collectively, the ?Parties?), pursuant to which the Parties shall incorporate a joint venture company (the ?JV Company?) to carry out the business of providing container body repairs, as well as maintenance and modifications to the container body for customers in Singapore and such other Southeast Asian countries which both Parties may agree from time to time (the ?Joint Venture?).
2. INFORMATION ON EASTERN
Eastern is a private limited company incorporated in Singapore in the year 1961. Eastern provides maintenance and repair services on reefer and dry containers for shipping lines and container leasing companies, as well as ship-kits management for shipping lines.
3. SALIENT TERMS OF THE JV AGREEMENT
3.1 Pursuant to the JV Agreement, the Parties will procure the incorporation of the JV Company under the name ?Cogent Eastern Precision Pte Ltd? or such other name as may be agreed by the Parties and approved by the Accounting and Corporate Regulatory Authority of Singapore.
3.2 The initial share capital of the JV Company shall be S$500,000, of which S$300,000 shall be contributed by Cogent and S$200,000 shall be contributed by Eastern, all in cash. In return for such capital contributions, the JV Company shall issue shares to the Parties at the issue price of S$1 per share, and upon incorporation of the JV Company, Cogent and Eastern shall respectively own the following:
Party
Cogent Eastern
Number of shares
300,000 200,000
Ownership Percentage
60% 40%
3.3 The board of directors of the JV Company shall comprise three Directors. Cogent shall appoint two Directors and Eastern shall appoint one Director.
4. RATIONALE FOR THE JOINT VENTURE
Given the limited number of container repair service providers in Singapore, container repair service is a niche market. The Joint Venture will enable the Parties to collaborate by bringing together Cogent?s industry expertise in logistics services and Eastern?s specialised knowledge in repair services, to create a robust and competitive market as a container repair service provider. In addition, the Joint Venture is able to undertake repairs for the Group?s own containers which will enhance the Group?s operational efficiency and provide cost savings. The Group is also able to tap on the benefits of the Joint Venture to further develop the supply chain market in Southeast Asia, derive industry supply chain value, further enhance the supply chain products in Southeast Asia, and improve the level of end-to-end business customer service.
5. FINANCIAL IMPACT
Cogent?s subscription of the shares in the JV Company will be funded through internal resources. The Joint Venture is not expected to have any material impact on the net tangible assets and earnings per share of the Company for the financial year ending 31 December 2024.
6. INTEREST OF DIRECTORS AND CONTROLLING SHAREHOLDERS
None of the directors or the controlling shareholder of the Company has any interest, direct or indirect, in the Joint Venture, save for their shareholdings in the Company, if any.
By Order of the Board Zhu Jian Dong Chairman and President 2 April 2024
If not today then its tomorrow. Vested
cannot liao COSCO.. even sam chiong also cant bring it along
hahaha swee.
lsk007 ( Date: 02-Apr-2024 12:04) Posted:
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Afternoon turbo charge to 0.18!
Building a base at 153-154 before surging to 170