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Cosco (S) up again after response to SGX query

Chinese shipbuilder says its main subsidiary, Cosco Shipyard Group, is exploring options to support business operations

Singapore

CHINESE shipbuilder Cosco Corporation (Singapore) rallied after the company said its main subsidiary, one of the largest shipyard groups in China, is exploring ways to support its business operations amid a slump.

The counter rose seven cents to S$0.505, up 16 per cent.