The board of directors of Coso Corp (Singapore) has advised that trading in its shares continue to be suspended.
Cosco's shares were suspended on Aug 11.
The board has made enquiries with China Ocean Shipping Company, Cosco's parent and a Chinese state-owned enterprise. China Ocean Shipping is currently planning a significant transaction, which Cosco says is complicated and may involve asset reogranisation. The proposed transaction is stil pending further study and analysis.
Given the material uncertainty and Cosco being unable to ensure that the transaction will not impact its securities, Cosco's board has decided that the trading suspension will continue. Cosco says it will update shareholders on any material developments.
Cosco shares last traded at 37.5 cents on Aug 6.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
Cosco's shares were suspended on Aug 11.
The board has made enquiries with China Ocean Shipping Company, Cosco's parent and a Chinese state-owned enterprise. China Ocean Shipping is currently planning a significant transaction, which Cosco says is complicated and may involve asset reogranisation. The proposed transaction is stil pending further study and analysis.
Given the material uncertainty and Cosco being unable to ensure that the transaction will not impact its securities, Cosco's board has decided that the trading suspension will continue. Cosco says it will update shareholders on any material developments.
Cosco shares last traded at 37.5 cents on Aug 6.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
0 comments:
Post a Comment