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一创摩根担任中国远洋控股股份有限公司出售中远物流有限公司100%股权项目财务顾问

2013-06-18

中国远洋控股股份有限公司（“中国远洋”,601919.SH/1919.HK）向控股股东中国远洋运输（集团）总公司（“中远集团”）出售下属全资子公司中国远洋物流有限公司100%股权，交易对价67.4亿元。本次交易录得一次性投资收益19.6亿元，可以改善中国远洋2013年的盈利表现，降低A股股票暂停上市风险。同时可以满足中国远洋营运资金需求，降低财务成本。本交易已于2013年4月26日通过股东大会审议，非关联股东投票支持率超过80%，并于2013年5月完成交割。

第一创业摩根大通证券有限责任公司（“一创摩根”）、摩根大通证券（亚太）有限公司和中国国际金融有限公司担任中国远洋本次交易的联席财务顾问。

本项目是一创摩根服务大型国有企业兼并收购的又一成功案例，也是一创摩根首次为央企A+H上市公司成功完成的资本运作项目。项目执行时间紧凑，于2013年2月下旬启动，2013年5月完成。一创摩根与摩根大通在香港的投资银行和资本市场团队紧密协作，为客户提供了高质量、高效率的执行服务。本项目的成功完成进一步巩固了一创摩根及摩根大通与中国远洋的长期合作伙伴关系，也展示了一创摩根借助股东资源联合境内外平台为客户提供全方位资本运作服务的实力。

J.P. Morgan First Capital acted as the Financial Advisor to China COSCO Holdings Co., Ltd. on its disposal of 100% equity interest in COSCO Logistics.

China COSCO Holdings Co., Ltd. (“China COSCO”, 601919.SH/1919.HK) sold 100% equity interest in its subsidiary COSCO Logistics to its controlling shareholder China Ocean Shipping (Group) Company(“COSCO Group”) with total consideration of RMB 6.74 billion. The transaction has resulted in RMB 1.96 billion one-off gain to China COSCO, improving China COSCO earnings in 2013 and reducing the risk of suspending the A share trading. The proceeds from the transaction could supplement its working capital, enhance its ability to resist operating risk and reduce its financial costs. This transaction was approved at Extraordinary General Meeting on April 26, with over 80% votes from independent shareholders supporting the deal, and was completed by May.

J.P. Morgan First Capital, J.P. Morgan Securities (Asia Pacific) and CICC acted as the joint financial advisors to the Company.

This transaction has marked another milestone transaction successfully executed by JPMFC team for a well-known large-cap state-owned enterprise. It is also the first time that JPMFC has provided services to an A+H dual-listed central state-owned enterprise. The deal was executed with an accelerated timetable, kicking off late February and completing May 2013. JPMFC partnered closely with the J.P. Morgan team in Hong Kong to ensure high-quality seamless execution to the client. The success of this transaction has further enhanced our long-term relationship with China COSCO and has demonstrated our ability in providing integrated capital market services to our client both onshore and offshore by leveraging our shareholder’s resources.