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REFILE-Singapore-listed Cosco says finance exec resigns

Mon Mar 24, 2008 9:15am EDT

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(Corrects Reuters instrument code for benchmark index to .FTSTI in last paragraph)

SINGAPORE, March 24 (Reuters) - China-based shipbuilding and repair firm Cosco Corp (Singapore) Ltd (COSC.SI) said on Monday its financial controller has resigned for personal reasons.

Singapore-listed Cosco Corp, majority-owned by China Ocean Shipping (Group) Co, said Monday was Teo Chuan Teck's last day.

"Mr. Teo is leaving the company on personal reasons. The board wishes to record its appreciation to Mr. Teo for his contribution to the company and wishes him success in his future endeavour," the company said.

Cosco Corp's share price has dropped by almost 20 percent this month compared with a 3.4 percent drop in the benchmark Singapore index .FTSTI.

(Reporting by Ovais Subhani; Editing by Erica Billingham)



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