China Cosco Shipping Holdings has further extended its stock trading suspension today, following a trading suspension by the company since May 17.
The Chinese shipping conglomerate has confirmed that it is planning a major asset restructuring and there are still lots of uncertainties in the potential restructuring deal.
In 2016, Cosco Group and China Shipping Group completed a merger, which is one of the most complicated capital restructurings in China, involving almost every sector of the shipping business including dry bulk, containers, tankers, LNG, specialised vessels, shipyards, ports, l…
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