Cosco Set up Shipping Industry Fund with Cinda
Cosco Shipping Development set a ship finance investment fund with China Cinda Asset Management.
China Cinda Asset Management hold capital of CNY 1.001 Billion ($153.48 Million) and Cocso invest CNY 500 Million in the "shipping industry fund". Cosco hold the share of 49.95%. And the cash will be used to finance vessel assets.
The Cosco leasing company this is a beneficial step for realizing its strategic long-term aims and the company can share the investment returns as an investor.
Sources: Xinde Marine News
Editor: Carrie Zhu
Please Contact Us at：
admin@xindemarine.com
