Cosco Corp parent offers to buy out its shipyard businesses
Cosco Corp narrows Q4 loss by 35 per cent to S$313 million; turnover drops 44 per cent
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Singapore
COSCO Corporation (S) announced a lower fourth-quarter net loss after Friday trading close, and said its Chinese parent has offered to take over the equity interests the former holds in shipyard businesses.
China Cosco Shipping Corp has offered to buy out Singapore-listed Cosco Corp's interests in Cosco Shipyard Group Co, Cosco (Nantong) Shipyard Co and Cosco (Dalian) Shipyard Co.
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