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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

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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.

Singapore

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

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