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 Cosco Corp's interests in Cosco Shipyard Group Co, Cosco (Nantong) Shipyard Co and Cosco (Dalian) Shipyard Co.
Cosco Corp said after Friday trading close that the plans relating to the proposed acquisition will be further...