China, the world's largest dry bulk ocean-going fleet suspension or injection.

<P> News: Last month, just return to A shares, to be the next step as the COSCO Group's capital market platform for the whole of China COSCO Holdings Company Limited (1919.HK, 601919.SH, the "China COSCO"), is expected to .In recent acquisition of COSCO Group's dry bulk fleet assets. .</ P> <P> Yesterday, the China Ocean in both Shanghai and Hong Kong stock suspension, today, China COSCO (601919.SH) announced on, is the controlling shareholder and its associates, and to discuss matters of non-public offering of A shares, to be .further argues that there are significant uncertainties, the company stock in July 26, 2007 from the suspension until after the resumption of trading related matters to determine and disclose the results. .</ P> <P> Ocean, according to China's announcement in the Hong Kong Stock Exchange, the A share issue of the specific plans with relevant government agencies to be discussed in further detail, however, China COSCO H shares will resume trading today. .</ P> <P> many market analysts believe that China Ocean within the meaning of "non-public offering of A shares" matter, is through the private placement to the COSCO Group, COSCO Group, the parent company acquired assets of dry bulk, and the present to .discussion is the specific value of the acquisition of assets, acquisitions and private placement purchase price. .Last week, several brokerages have a Tong Fu COSCO conduct research. .</ P> <P> China Ocean is a subsidiary of COSCO Group, which, through its subsidiaries, provides international and domestic clients covering the entire value chain of the shipping container shipping, terminals, container leasing and logistics services, mainly in container .fleet based. .Return A shares last month, the Chinese deputy general manager of Sun Jiakang ocean once said COSCO China Ocean as the main industry as a whole market, step by step implementation of the capital platform, currently, the company acquired the Group in the dry bulk fleet to .feasibility study, but no specific timetable for injection. .</ P> <P> in the world's second largest merchant shipping capacity of the plate in the COSCO Group, more than 700 container ships account for only ships in the 139, so in addition has been injected into the container shipping business, COSCO Holdings, as well as dry .bulk fleet and the tanker fleet, of which more than 400 ships dry bulk fleet, traffic more than 300 million deadweight tons, the number of the fleet is the world's largest dry bulk business of global market share of about 10%. .</ P> <P> Shenyin analysts pointed out that the dry bulk market in the current global economic cycle, the high point, so at this time into the dry bulk assets, more likely, while asset injection will not be completed in time .too long. .In addition, the global business cycle dry bulk market will continue into 2009, therefore, expected dry bulk freight index will be an increase of 50% or more. .</ P> <P> present, the core business of COSCO container liner shipping, the shipping business is also operating three forms of business most at risk. .COSCO Group, COSCO, chairman Wei Jiafu, chairman and told reporters that COSCO is a strategic development to sustainable development from a cyclical change, first of all container ships, dry bulk carriers, oil tankers and other ships of the cycle is not the same .; followed by COSCO is accelerating to the downstream ports, terminals extension, all of which contribute to stabilize the main business fluctuations. .</ P> <P> China Ocean last month completed the issue of A shares, the parent company of Cosco, A shares and H shares of the holding, 51.07% respectively of the total share capital, 20% and 28.93%. .Lehman Brothers issued a research report that is expected to COSCO Group will inject a one-time subsidiary of the entire bulk fleet, the fleet is expected to share the reasonable value of 4.60 Hong Kong dollars. .Merrill Lynch recently estimated the acquisition cost of the parent company's fleet up to 84 billion U.S. dollars. .The return of A shares of China COSCO CICC underwriters study pointed out that if the dry bulk assets into China Ocean, 2007, earnings per share will thicken 0.29 ~ 0.48. .</ P>.