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JES terminates Scibois acquisition, plans to restructure subsidiary

Thursday, March 5, 2015 - 05:50

Singapore

CHINESE shipbuilder JES International said on Wednesday that it has terminated plans to acquire a 51 per cent stake in Scibois, which owns a timber extraction business in Congo.

The no-go comes just eight months after the deal was inked, following a lawsuit filed by JES

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