8 stories mentioning SHE:000039
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China International Marine Containers (SHE:000039) subsidiary CIMC Capital Holdings will invest 29% in an industry fund, according to a Saturday filing with the Shenzhen bourse.The subsidiary will invest 290 million yuan in the Jiangsu Provincial Marine Economy Industry Sub-Fund, which will have a capital of 1 billion yuan.Shares fell 5% during afternoon trading on Monday.
China International Marine Containers (HKG:2039, SHE:000039) repurchased 65.8 million H shares for HK$498.7 million, according to a Hong Kong filing on Tuesday.The Chinese shipping equipment provider's Shenzhen shares jumped 3% during Wednesday's afternoon trade.The shares represents 2.2% of the company's total H share capital.
Chinese shares fell on Thursday as the country and Russia failed to clinch a major gas deal and the U.S. signaled its intent to talk with Taiwan.The Shanghai Composite Index, the main gauge of Chinese stocks, plunged 2.0% to 4,077.28. The Shenzhen Component Index dropped 2.1% to 15,247.27.Russian President Vladimir Putin left China without any notable progress on a Russia-to-China natural gas pipeline project.After years of Russian efforts to finalize an agreement, the proposed Power of Siberia 2 pipeline remains held up by unresolved issues. Key terms such as pricing mechanisms and volume flexibility remained unsettled.U.S. President Donald Trump said he would speak with Taiwanese President Lai Ching-te and work on the issue surrounding Taiwan. Beijing has been at odds with the self-governed island in a bid to fully take control of the territory.Chinese President Xi Jinping previously warned the U.S. that "mishandling" the Taiwan issue could lead to conflict.In company news, The U.S. Department of Justice charged China International Marine Containers (SHE:000039), or CIMC, and several of its executives with price-fixing standard, unrefrigerated shipping containers. Shares of the container manufacturer fell 4% Thursday.
The U.S. Department of Justice (DOJ) has charged China International Marine Containers (HKG:2039, SHE:000039) and several of its executives with price-fixing standard, unrefrigerated shipping containers, according to a Hong Kong stock exchange filing on Wednesday.Shares of the container manufacturer plunged 10% in Hong Kong, while its Shenzhen-listed shares fell more than 8% in recent trade.According to the DOJ, the alleged price manipulation took place between November 2019 and January 2024. During this period, the prices of standard shipping containers doubled between 2019 and 2021, driving CIMC's container segment profits up nearly one hundredfold over the course of the COVID-19 pandemic.The DOJ indicted CIMC Chairman Mai Boliang and Vice President Huang Tianhua, while an employee, Wan Yongbo, was also named for his alleged involvement in the conspiracy.Additionally, Vick Nam Hing Ma, a marketing director at co-conspirator firm Singamas Container Holdings, has been arrested in France and is currently awaiting extradition to the U.S.
Jangho Group's (SHA:601886) units won construction bids from Singapore's Woh Hup and from China International Marine Containers (HKG:2039, SHE:000039).The unit, Jianghe Curtain Wall (Singapore), bagged Woh Hup's curtain wall project at the Marina Bay Sands Integrated Resort 2 for SG$123 million, according to a Wednesday filing on the Shanghai bourse.Another subsidiary, Guangzhou Jangho Curtain Wall System Engineering, won CIMC's curtain wall project for Plot T102-0438 (Qianwan Area 09-04-01 Parcel) in Shenzhen for 205 million yuan.The Chinese construction engineering company's shares rose over 2% at the close.
China International Marine Containers (HKG:2039, SHE:000039) posted attributable net profit of 209 million yuan for the first quarter, down 62% from 543.8 million yuan a year earlier, according to a Tuesday Hong Kong bourse filing.Hong Kong-listed shares of the shipping equipment provider were up over 4% in Wednesday midday trade.Earnings per share declined to 0.0353 yuan from 0.0971 yuan a year earlier.Revenue fell 9.3% to 32.7 billion yuan from 36.0 billion yuan in the prior-year period.
China International Marine Containers (HKG:2039, SHE:000039) settled its dispute with Goodpack and entered into a sales contract worth up to $60 million, according to an April 17 Hong Kong bourse filing.Hong Kong-listed shares of the shipping equipment provider were down over 4% in Monday morning trade.Under the deal, a subsidiary will pay $2 million, while Goodpack will purchase intermediate bulk containers with a three-year interest-free credit period on each order.The dispute stemmed from claims filed in Singapore involving alleged breach of confidence and related damages totaling nearly $29.7 million across litigation and arbitration proceedings.The company said the settlement is not expected to have a material impact on its profit.
China International Marine Containers (Group) (HKG:2039, SHE:000039) expects an attributable profit of between 164 million yuan and 224 million yuan in the three months ended March 31, down 59% to 70% from 543.8 million yuan a year prior, according to a Friday Hong Kong bourse filing.The shipping equipment provider attributed the forecast mainly to a lower volume and pricing of its container manufacturing business in the quarter, leading to a drop in revenue in the segment.