You are here

Cosco Corp (S) suspended amid restructuring plans

Analysts suggest a delisting from the Singapore bourse, or mergers and acquisitions activity, could be in the works

In Singapore, Cosco's shipbuilding operations have been battered by a weak global economy and low oil prices.


THE trading halt at mainboard-listed shipbuilder Cosco Corporation (Singapore) this Monday has been converted into a suspension, as it remains unclear what its restructuring parent company plans to do with it.

Cosco "is not able to ascertain if the proposed restructuring...

Market voices on: