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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

Published Tue, Dec 20, 2016 · 09:50 PM

Singapore

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 will materially impact the company's securities given the significant uncertainty", Cosco said in an announcement on Tuesday afternoon.

"It will not be appropriate for trading in the company's securities to continue, until the company is notified by China Cosco Shippi…

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