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News

Cosco Pacific acquires Taicang stake from parent company

30 January 2013
China Ocean Shipping Co (Cosco) has transferred its 39.04 per cent stake in Taicang’s International Container Terminal in Jiangsu province to its own terminal operator, Cosco Pacific.

Cosco group therefore maintains its 45.9 per cent share of the terminal, which is majority owned by Hong Kong’s Modern Terminals.

Taicang, located on the southern bank of the Yangtze near where the river meets the sea, was classified as a sea port from the start of this year, according to the Yangtze River Administration under the Ministry of Transport.

     
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