Corporate digest

Cosco Corporation (Singapore)

COSCO said on Friday that trading in its shares will remain suspended. Cosco had on Aug 11 requested a trading suspension as it was expecting its parent firm, China Ocean Shipping (Group) company, to announce a significant transaction that could impact its stock. But after making enquiries with its parent firm, Cosco said in an update that the proposed transaction is still "under intensified planning", "relatively complicated and may involve asset reorganisation (and) is still pending further study and analysis".

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