China Cosco Holdings Proposes Name Change
China Cosco Holdings Company Limited has proposed to change its name to Cosco Shipping Holdings Co to better reflect its new business direction following the formation of the parent firm China Cosco Shipping Corp (Coscocs).
The name change proposal is to reflect the company’s principal business operations in container shipping and terminal services following the completion of an internal restructuring, MANA correspondent reported.
“The company proposed to change its company name in line with its strategic positioning for future development, and to highlight its core competitive advantages,” China Cosco Holdings said.
Coscocs, formed by the merger of China Cosco Group and China Shipping Group, has become an indirect controlling shareholder of the company.