According to the Zhitong Finance App, COSCO Hainan (01138) announced that Hainan Zhaogang (as the buyer) plans to sign a shipbuilding contract with Dalian COSCO SHIPPING Heavy Industries (as the builder and seller) to build an ethylene ship at a cost of RMB 335 million.

According to reports, Dalian Haineng is a wholly-owned subsidiary of the company, and Hainan Zhaogang is a holding company holding 87% of Dalian Haineng's shares.

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