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Media: Chinese container merger imminent

Trading of China Cosco and China Shipping Container Lines' shares has been suspended on Monday. Major merger underway, reports Bloomberg.

A merger between China's two largest container carriers, China Cosco and China Shipping Container Lines (CSCL), is allegedly underway.

Trading of the two companies' shares has been suspended, starting today, August 10th. According to Bloomberg's sources who are intimately familiar with the matter, China's is pondering a merger of the two state-owned carriers.

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