("COSCO Corporation" or the "Group")
has one of the largest Ship Repair, Ship Building and Offshore Marine Engineering operations in China. A diversified group with activities also in Dry Bulk Shipping, Shipping Agency and other sectors, it is the SGX Mainboard-listed subsidiary of China Ocean Shipping (Group) Company (“COSCO Group”), China’s largest shipping group and one of the top shipping conglomerates in the world.
COSCO Corporation has achieved significant progress in growing its Ship Repair, Ship Building and Offshore Marine Engineering capacity and capabilities. The completion of its acquisition of a 51% stake in one of the largest shipyards in China, COSCO Shipyard Group (“COSCO Shipyard”),on 1 January 2005 propelled COSCO Corporation into the premier league in the ship repair industry.
COSCO Corporation is committed to long-term growth through its core businesses and global coverage. In October 2006, COSCO Corporation was rated as a component stock of Prime Partners China Index - the first index that tracks the performance of China enterprises listed on the SGX. Since January 2009, we have been part of the FTSE ST China Index, and from July 2009, we were also included in the FTSE ST
China Top Index,both of which were created to reflect the increasing representation of China-based companies in the Singapore stock market. Among other indexes, we are also a component stock of the Morgan Stanley Capital International World Index as well as the SGX Morgan Stanley Capital International Asia Apex 50 Index Futures which feature some of the most promising, widely-traded and investible Asian companies outside Japan.