|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||0.1501 - 0.4800|
|52 Week Range||0.0121 - 0.4800|
|Beta (5Y Monthly)||1.07|
|PE Ratio (TTM)||7.42|
|Forward Dividend & Yield||0.01 (3.71%)|
|Ex-Dividend Date||Jul 28, 2021|
|1y Target Est||N/A|
HONG KONG / ACCESSWIRE / March 30, 2021 / COSCO SHIPPING Development Co. (the "Company" or "COSCO SHIPPING Development") is pleased to announce the consolidated results of the Company and its subsidiaries (the "Group") for the year ended 31 December 2020(the "Period").
The Founding Shareholders of Red Sea Gateway Terminal Limited (RSGT), a privately-owned independent terminal operating company, have signed separate Share Purchase Agreements with the Public Investment Fund (PIF) and with COSCO SHIPPING Ports Limited (CSPL) (SEHK:1199) (1199.HK) through its wholly-owned subsidiary Sound Joyce Enterprises Limited, for the sale of 40% equity interest in RSGT (with 20% each) for total consideration of SAR 1,050 million / USD 280 million. The aforementioned two transactions imply an enterprise value for RSGT of SAR 3,300 million / USD 880 million.