How it started
History
The company became a listed company since 1992. The company was known as Shun Shing Holdings and then COSCO International and currently COSCO Shipping International (Hong Kong).
Shun Shing Holdings
Shun Shing Holdings is a company incorporated on 9 September 1991 in Bermuda and registered as a "foreign company" in Hong Kong in 1992. On 11 February 1992, Shun Shing Holdings became a listed company. It is a parent company of a Hong Kong-based main contractor, Shun Shing Construction & Engineering (or in short, Shun Shing Construction; Chinese: 順成建築工程). Shun Shing Construction had Singapore branch in the past. The Singapore unit formed a joint venture with Low Keng Huat and was awarded a contract as a main contractor for a residential housing estate project in 1994.
In 1997, the listed company was acquired by China Ocean Shipping (Group) Corporation (COSCO). The listed company suffered from an accounting scandal afterwards, as the new external auditors employed by the new owner, failed to discover the accounting irregularity made by the previous ownership. The scandal later led to Hong Kong Institute of Certified Public Accountants (HKICPA) sue its own sub-committee. HKICPA once start a disciplinary investigation on the auditors but the sub-committee cancelled it. HKICPA demanded in the court to authorize themselves to re-elect a new board for the sub-committee, and restart the disciplinary investigation.
COSCO Shipping International (Hong Kong)
From Wikipedia’s article on COSCO Shipping International (Hong Kong), shared under CC BY-SA 4.0.2