Is COSCO Haifa split into five companies for listing?

Cosco Haifa did not spin off five companies for listing. Cosco Haifa is a subsidiary of China Ocean Shipping Group Co., Ltd. (COSCO Shipping Group), which specializes in shipping logistics, production and financing services. It is one of the core industries of COSCO Shipping Group and a company listed in Hong Kong and Shanghai. Therefore, COSCO Haifa is not splitting five companies to go public.