COSCO Shipping International (Hong Kong)
In 1997 the listed company was acquired by the Hong Kong division of China Ocean Shipping (Group) Corporation (COSCO).[8] After the acquisition, the listed company, known as COSCO International at that time, engaged in real estate, civil construction and provides services for ship.[8] It also sold paints to shipping companies[9] as well as a provider of marine insurance.[10]
In 2001, COSCO International was the developer of Broadview Court, a public housing estates in Wong Chuk Hang (Private Sector Participation Scheme).[11] The client of the project is the Housing Authority, while the estate was sold to the general public as part of the Home Ownership Scheme.
In 2005, the listed company sold eight floors of COSCO Tower, an office building, to its direct parent company, COSCO (Hong Kong), for HK$1.4 billion.[12] In February 2007, the listed company sold its former main business, Shun Shing Construction, to the parent company.[13]
COSCO International was a shareholder of a fellow listed company, fellow land developer, Sino-Ocean Group. However, it was announced to sell of their shareholding in 2010. At that time, COSCO International was the second largest shareholder of Sino-Ocean Group for 16.85% stake.[14]
In 2015, the ultimate parent company, COSCO, merged with China Shipping Group to become China COSCO Shipping, or known as COSCO Shipping. Thus, the listed company was renamed into COSCO Shipping International (Hong Kong) Co., Ltd..[15]
In 2018, the company acquired a manufacturer of marine paint as part of a vertical integration strategy of the company.[16]
