COSCO Group definition
Examples of COSCO Group in a sentence
The COSCO Group is a diversified group focusing mainly on shipping and modern logistics businesses.
Accordingly, members of the COSCO Group and COSCON are connected persons of the Company.
COSCO Finance is a non-bank financial institution approved and regulated by the PBOC and the CBRC and is engaged in providing financial services to members of the COSCO Group.
The Group is expanding its logistics business which requires substantial provision and acquisition of freight forwarding and container services to and from other parties, including the COSCO Group.
US$34,929,000 (Note) US$51,272,000 US$52,629,000 Proposed annual cap: Consideration payable by the COSCO Group (including COSCON): announcement of the Company dated 3 June 2005 in relation to continuing connected transactions contemplated under the Shipping Services Master Agreement dated 3 June 2005 entered into between COSCO, COSCON, Basis of the proposed annual cap: COSCO Ports and Zhangjiagang Win Hanverky Container Terminal Co., Ltd.
Any fee which COSCO Finance will charge the Group for the Further Financial Services: (a) will comply with any requirements of PBOC and CBRC in respect of the charges for the same type of financial services; and (b) will not exceed the fees charged by commercial banks in the PRC to the Group for the same type of financial services or the fees charged by COSCO Finance to other members of the COSCO Group for the same type of financial services.
Accordingly, members of the COSCO Group and COSCON are connected persons (as defined in the Listing Rules) of the Company.
COSCO Finance is principally engaged in providing financial services to the COSCO Group, including the Group.