Six Shanghai and Shenzhen-listed companies affiliated to state-owned China Ocean Shipping (Group) Company (COSCO) and China Shipping (Group) Company announced on August 7 to suspend stock trading from Monday as controlling shareholders are mulling over significant affairs.
The six companies are China COSCO Holdings Co. (601919.SH; 01919.HK), COSCO Shipping (600428.SH), China Shipping Container Lines (02866.HK; 601866.SH), China Shipping Development Corp (600026.SH), China Shipping Haisheng Co., Ltd. (600896.SH) and China Shipping Network Technology Co., Ltd. (002401.SZ).
Some media reports said last Friday that COSCO and China Shipping will jointly form a reform group to work on integration scheme of the two groups.
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