SIPG definition
Examples of SIPG in a sentence
Aside from COSCO SHIPPING Holdings, the Directors are not aware of any other shareholders of SIPG who are connected persons of the Company.
For further information, COSCO SHIPPING Holdings, an associate of the Company’s controlling shareholder, holds approximately 15.55% interest in SIPG according to public information.
The Board is pleased to announce that on 27 February 2019, the Company and SIPG entered into the Shipping and Terminal Services Framework Agreement in relation to the provision of Shipping Services by the Group to the SIPG Group and provision of Terminal Services by the SIPG Group to the Group.
It is the main body of construction and operation of Shanghai Port Green Energy Center, the main body of investment and development of port and shipping new energy projects, and also an integrated management platform for energy sectors of SIPG.
In particular, Jilin Electric Power is a listed company and Shanggang Energy is wholly-owned directly by SIPG (which being a listed company is regarded as the ultimate beneficial owner of Shanggang Energy for the purpose of disclosure).
The Group, has extensive experience, and offers comprehensive services and a comprehensive management system in respect of Shipping Services, whereas the SIPG Group, has extensive experience, and offers comprehensive services and a comprehensive management system in respect of Terminal Services.
The Terminal Services to be provided by SIPG Group are requisite complementary services to the core businesses of the Group, and the Shipping Services to be provided by the Group are requisite complementary services to the core businesses of the SIPG Group.
Shanggang Energy is a wholly-owned subsidiary of SIPG, which is established to further improve the service level and shipping resource allocation capability of Shanghai International Shipping Center.