China Cosco Holdings mulls changing name to Cosco Shipping Holdings
CHINA Cosco Holdings Company Limited has proposed changing its name to Cosco Shipping Holdings Co as the parent company China Cosco Shipping Corp (Coscocs) nears the completion of its consolidation process.
The proposed change of name is intended to reflect the company's core lines of business that are container shipping and terminal services following the completion of an internal restructuring, reports Seatrade Maritime News.
"The company proposed to change its company name in line with its strategic positioning for future development, and to highlight its core competitive advantages," China Cosco Holdings said.
Coscocs, formed by the merger of China Cosco Group and China Shipping Group, has become an indirect controlling shareholder of the company.
CHINA Cosco Holdings Company Limited has proposed changing its name to Cosco Shipping Holdings Co as the parent company China Cosco Shipping Corp (Coscocs) nears the completion of its consolidation process.
The proposed change of name is intended to reflect the company's core lines of business that are container shipping and terminal services following the completion of an internal restructuring, reports Seatrade Maritime News.
"The company proposed to change its company name in line with its strategic positioning for future development, and to highlight its core competitive advantages," China Cosco Holdings said.
Coscocs, formed by the merger of China Cosco Group and China Shipping Group, has become an indirect controlling shareholder of the company.