Chinese port operator Cosco Pacific is considering increasing its stake in Shenzhen-listed container manufacturer China International Marine Containers (CIMC) to up to 25.31 percent from 20.48 percent.
Cosco Pacific said it ¡°intends to closely monitor the share prices of CIMC so as to formulate the strategy for the group's investment, which may include the acquisition of additional B shares.¡¯¡¯
The company holds its stake in CIMC, which lists A and B shares on the Shenzhen bourse, directly and through its wholly owned Cosco Container Industries Ltd.
Cosco Pacific said a bigger stake in CIMC would strengthen its container-related businesses.
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