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Cosco Corp (S) suspended amid restructuring plans

Analysts suggest a delisting from the Singapore bourse, or mergers and acquisitions activity, could be in the works

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In Singapore, Cosco's shipbuilding operations have been battered by a weak global economy and low oil prices.

Singapore

THE trading halt at mainboard-listed shipbuilder Cosco Corporation (Singapore) this Monday has been converted into a suspension, as it remains unclear what its restructuring parent company plans to do with it.

Cosco "is not able to ascertain if the proposed restructuring

sentifi.com

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