Subscribers

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

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...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes