Cosco Shipping shuts down subsidiary in Panama
Cos Lucky Shipping Maritime is one of the group’s dormant subsidiaries.
Cosco Shipping announced the dissolution Cos Lucky Shipping Maritime Inc, a subsidiary incorporated in the Republic of Panama.
The group said the dissolution is subsequent to the scrapping of the vessel owned by Cos Lucky Shipping.
The dissolution of Cos Lucky Shipping is not expected to have any material impact on the net tangible assets and earnings per share of the Company for the financial year ending in December 2017.
The group said that none of its Directors or controlling shareholders has any interest, direct or indirect in the dissolution of Cos Lucky Shipping.