Cosco hits 90% acquisition threshold in takeover bid, plans to delist Cogent
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Singapore
CHINESE shipping company Cosco Shipping International (Singapore) has hit the 90 per cent compulsory acquisition mark for its S$1.02-a-share cash offer for Cogent Holdings.
As at 5pm on Dec 21, Cosco has received valid acceptances representing around 5.68 per cent of the total number of Cogent shares, the company said.
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