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17 Jun 2019

Wonderful Sky Financial Group Assists CSSC (Hong Kong) Shipping Company Limited (Stock Code: 3877.HK) with the Successful Listing on HKEx

CSSC (Hong Kong) Shipping Company Limited ( Stock Code:3877.HK) was successfully listed and commenced trading on the Main Board of The Stock Exchange of Hong Kong Limited (“SEHK”) on 17th June 2019.

 

CSSC (Hong Kong) Shipping Company Limited was established in 2012, and is the first shipyard-affiliated leasing company in Greater China and one of the world’s leading ship leasing companies. The Company offers customised and flexible ship leasing solutions that suit its customers’ different needs. As the sole leasing company under CSSC Group, the Company benefits from its close relationship with CSSC Group, its controlling shareholder, which has distinguished it from its competitors and enhanced its competitiveness in the global ship leasing industry. According to the Frost & Sullivan Report, in terms of revenue in 2018, the Company ranked fourth in the global ship leasing industry with a market share of 3.9% and first in the global non-bank ship leasing industry with a market share of 14.8%. The Company’s core business is the provision of leasing services, which include finance lease and operating lease. Leveraging the Company’s strong expertise in the marine industry, its leasing services primarily focus on ship leasing. It also provides shipbroking and loan services to its customers. The Company has a diversified, modern and young vessel fleet. Leveraging its unique insights into the marine industry, the Company carefully allocates, adjusts and optimises the proportion of various types of vessels based on industry conditions and its customers’ needs. As at 31 December 2018, the Company owned a total of 65 vessels, including 43 vessels under finance lease arrangements and 22 vessels under operating lease arrangements, with an average age of approximately two years. The Company’s vessel fleet as at 31 December 2018 comprised 25 bulk carriers, 14 tankers, 10 container vessels, 9 special tonnage carriers and 7 marine LNG/LPG units.

 

Mr. YANG Li, the Executive Director and Chairman of the Board of Directors of CSSC (Hong Kong) delivered a speech at the listing ceremony, “As one of the first shipyard leasing companies in Greater China and one of the world's leading ship leasing companies, successful listing in Hong Kong will inject capital into the company, open up broader development space and sail to a farther future. The company will strictly abide by the listing rules and is committed to achieving business growth and competitiveness, and returning to our shareholders with better performance.

 

As the only major integrated financial communications company in the world that is listed on the HKEx, Wonderful Sky will continue to provide a "one-stop” and ten-in-one prime financial public relations services, including financial public relations, investor relations, international roadshows, financial printing , corporate branding, ESG report, asset management, corporate doctor, Compulsory and Commercial Insurance and headhunting program. “Your Success is Our Inspiration” is the motto of Company's Group, by which we strive to become the select partner of listed companies for the long term by offering customized and professional services to Company's clients.