Latest China Cosco Holdings (CICOY) Headlines
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Posted On: 03/09/2014 8:08:53 AM
Latest China Cosco Holdings (CICOY) Headlines
China COSCO Strives to Return to Profitability with Proposed Sale of COSCO Logistics to Controlling Shareholder
PR Newswire - Mon Mar 11, 8:47AM CDT
China COSCO Holdings Company Limited ("China COSCO" or the "Group") (HKEx:1919, SSE:601919) put forth a preliminary proposal in an announcement to sell a 100% interest in its directly-owned subsidiary COSCO Logistics Co., Ltd. ("COSCO Logistics") to its controlling shareholder China Ocean Shipping (Group) Company ("COSCO Group"). The board of directors has approved commencing with related processes. Details of the proposed transaction are still in negotiation. Given the uncertainties surrounding it, all investors are advised to pay attention to the investment risks involved. The Group will make public announcement on the progress of the proposed transaction in due course.
China COSCO Strives to Return to Profitability with Proposed Sale of COSCO Logistics to Controlling Shareholder
PR Newswire - Mon Mar 11, 8:47AM CDT
China COSCO Holdings Company Limited ("China COSCO" or the "Group") (HKEx:1919, SSE:601919) put forth a preliminary proposal in an announcement to sell a 100% interest in its directly-owned subsidiary COSCO Logistics Co., Ltd. ("COSCO Logistics") to its controlling shareholder China Ocean Shipping (Group) Company ("COSCO Group"). The board of directors has approved commencing with related processes. Details of the proposed transaction are still in negotiation. Given the uncertainties surrounding it, all investors are advised to pay attention to the investment risks involved. The Group will make public announcement on the progress of the proposed transaction in due course.
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