More fire sales ahead for Cosco
More asset fire sales on the way from China Cosco Holdings. In the last two months, China's biggest shipping group has been selling off assets in its share of container factory China International Marine Containers, for USD 1.2 billion, and Cosco has also announced plans to sell Cosco Logistics, in both cases to the parent company, in an effort to avoid the major embarrassment of having the company's shares delisted on the Shanghai and Hong Kong stock exchanges after several consecutive years with major deficits.
Read the whole article
Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
Hard-pressed COSCO attempts rate hike
For subscribers
Major Chinese shipyard needs outside help
For subscribers