You are here

Cosco Corp parent offers to buy out its shipyard businesses

Cosco Corp narrows Q4 loss by 35 per cent to S$313 million; turnover drops 44 per cent
Saturday, February 25, 2017 - 05:50

Cosco Corp said the plans relating to the proposed acquisition will be determined after further work, including a valuation of the assets to be acquired, has been completed.


COSCO Corporation (S) announced a lower fourth-quarter net loss after Friday trading close, and said its Chinese parent has offered to take over the equity interests the former holds in shipyard businesses.

China Cosco Shipping Corp has offered to buy out Singapore-listed

Market voices on:

Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at

Powered by GET.comGetCom