Brief: Cosco Shipping International(HK) Notes Reports Of Potential Liquidation Of Supplier

Cosco Shipping International (Hongkong)

04/01/2019 15:00

Jan 4 (Reuters) - Cosco Shipping International (Hongkong) Co
Ltd  0517.HK :
    * NOTICED FROM MEDIA REPORTS THAT COASTAL OIL SINGAPORE PTE
FILED
FOR LIQUIDATION
    * COASTAL OIL SINGAPORE IS A MAJOR SUPPLIER OF SINFENG
MARINE
SERVICES, A UNIT OF CO
    * EXPECTS GROUP'S REVENUE  WILL DECREASE SIGNIFICANTLY
UNLESS
ALTERNATIVE SUPPLIERS TO COASTAL OIL ARE IDENTIFIED
    * AS PROFIT CONTRIBUTION OF SINFENG INSIGNIFICANT, DOESN'T 
SEE
MATERIAL IMPACT ON GROUP UPON COASTAL OIL LIQUIDATION

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS39rDgX
Further company coverage:  0517.HK 

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