Brief: COSCO Shipping International Singapore enters MoU with Cosco Shipping South East Asia

COSCO Shipping International (SINGAPORE)

04/08/2017 10:31

Aug 4 (Reuters) - Cosco Corporation (Singapore) Limited  
 COSC.SI : 
    * Non-binding Memorandum Of Understanding 
    * Enters MoU with Cosco Shipping (South East Asia) Pte Ltd  
    * Proposed acquisition is expected to be of a value less 
than 5% of latest audited net tangible assets of group 
    * MoU  in relation to acquisition of about 40% of issued 
shares and paid-up share capital of Pt. Ocean Global Shipping 
    * Vendor is wholly-owned by china Cosco Shipping Corporation 
Limited 
 
Source text for Eikon:  ID:nSNZ6Hhdph  
Further company coverage:  COSC.SI  
 
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