China’s largest marine transportation line, Cosco Shipping Holdings Co, has been blacklisted by the United States for its alleged connection with China’s People’s Liberation Army.
It has been determined as a Chinese Military Company by the Pentagon, along with Contemporary Amperex Technology Co Ltd and Tencent Holdings Ltd.
Shares of Cosco fell around 4.4% in Hong Kong on Tuesday and Cnooc Ltd, a Chinese oil major also saw a drop in its stock of 1.6% in Hong...