COSCO SHIPPING Ports (HK:1199) has released an update.
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COSCO SHIPPING Ports has announced its acquisition of minority interests in HLT and TLT, key players in the operation of Thailand’s largest port, Laem Chabang. The transaction, valued at $78.1 million for HLT’s ordinary shares and $3.1 million for TLT’s equity interest, was based on independent valuations using an income approach. This strategic investment highlights COSCO’s commitment to expanding its global port operations.
For further insights into HK:1199 stock, check out TipRanks’ Stock Analysis page.
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