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Cosco Corp to sell loss-making shipyard operations

Proposed 1.46 billion yuan divestment deal comes on back of group's Q1 net loss of S$78.93 million

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Listed shipping and shipyard group Cosco Corporation (S) Ltd announced after trading closed on Friday, a proposed divestment of over 1.46 billion yuan (S$300 million) for its loss-making shipyard operations as agreed with an affiliate.

Singapore

LISTED shipping and shipyard group Cosco Corporation (S) Ltd announced after trading closed on Friday, a proposed divestment of over 1.46 billion yuan (S$300 million) for its loss-making shipyard operations as agreed with an affiliate.

Cosco Corp said a conditional sale-

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