CIMC has made the latest progress in equity changes. After Vanke, Shenzhen SASAC will become the largest shareholder of CIMC.

On August 25, CIMC announced that Shenzhen Capital Holdings intend to transfer part or all of the company's shares held by four shareholders including COSCO Container Industry.

After completion, Shenzhen Capital Holdings will hold 29.81% shares of CIMC Group and will become the largest shareholder of the company.

On August 28, CIMC also announced that after the election of the board of directors, Mai Boliang was appointed chairman and CEO of CIMC Group, and Gao Xiang was added as a candidate for directors of CIMC Group and Gao Xiang was appointed as president of CIMC Group.

After the completion of the share transfer, COSCO Container Industry still holds a small number of shares, while Shenzhen Capital Holdings will become the largest shareholder of CIMC.

CIMC is speeding up business carding, focusing on advantages and main business, increasing technology upgrading and business model innovation, and pursuing quality growth. CIMC chairman and CEO Mai Boliang said that he was full of confidence in the second half of 2020, CIMC's second half will certainly be better than the first half.

Source: Sarah Yu, XINDE MARINE NEWS

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