The Group received approval from the shareholders' meeting to issue 2.3 billion A shares. Application has been submitted to the CSRC for A share listing.
Share price has since risen strongly.
Buy $8.00 Target $10.00 , Cut loss $6.00
China Shipping Container Lines Company Limited (CSCL) is engaged in owning, chartering and operating container vessels for the provision of international and domestic container marine transportation service. The Company is involved in container liner services and other relative services, including vessel chartering, cargo canvassing and booking, customs clearance, storage, container construction, repair and sales and other related domains. As of December 31, 2006, CSCL had a fleet of 151 vessels with a total operating capacity of 398,974 twenty-foot equivalent units (TEU). It has inaugurated over 70 international major trade lanes and feeders, including the America, Europe, Mediterranean, Africa and Australia routes. CSCL has over 300 agency points, which are located at the main trade areas in the world. The Company operates in two segments: liner and chartering. CSCL operates in America, Europe/Mediterranean, Australia, East and Southeast Asia, Middle East, China domestic and others.
www.cscl.com.cn/
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