COSCO International Trading Company Limited ("CITC") had become a wholly-owned subsidiary of the Group since December 2008. CITC is principally engaged in trading of asphalt and trading of various vessel spare parts and accessories, as well as other comprehensive trading. CITC is familiar with the market and the market operations in China Mainland and has abundant experience in international trading and has constant suppliers and stable market share, which generates synergies between the Group's shipping services business, serving an important platform for the Group to tap into the domestic markets in China Mainland.
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12th Floor, Qiancun Mansions A, 5th Block, Auzhen Xili, Chao Yang District, Beijing, PRC