Moment of truth approaches for Chinese giant
China Cosco Holding has just three short months to turn around its business and avoid a forced exit from the Shanghai Stock Exchange following another deficit-ridden quarter, however, the deficit is smaller than previously.
BY KATRINE GRØNVALD RAUN
The pressure keeps mounting on Chinese shipping group China Cosco Holding Co. (CCHC) after the presentation of a net deficit of CNY 1.04bn (USD 170m) in the third quarter. It means the group has just three months to make it back into the black to avoid being delisted from the Shanghai Stock Exchange, according to Tradewinds.
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