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COSCO (HK) Group exceeds '99 financial targets

COSCO (Hong Kong) Group Ltd., Hong Kong, a principal subsidiary of China Ocean Shipping (Group) Co. Ltd., Beijing, reported that in spite of the Asian financial turmoil, it has performed satisfactorily in 1999.

Its main targets, including production, operation, safety and profit, were 哲ccessfully fulfilled and overfulfilled,哩 it said.

COSCO (HK) Group is a large diversified group in its own right, only partly involved with shipping. It describes itself as one of the top Chinese enterprises in Hong Kong and with assets of several billion U.S. dollars.

It was originally formed to take care of all COSCO group interests in Hong Kong, Macao and the Philippines. American Shipper NewsWire