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COSCO Corporation (Singapore) Ltd (COSC.SI)

COSC.SI on Stock Exchange of Singapore

0.30SGD
24 Mar 2017
Change (% chg)

$-0.00 (-1.64%)
Prev Close
$0.31
Open
$0.31
Day's High
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$0.29
Volume
1,022,900
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4,363,859
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Latest Key Developments (Source: Significant Developments)

Cosco Corp(Singapore) updates on contract award
Thursday, 2 Mar 2017 05:46am EST 

Cosco Corporation (Singapore)Limited : Cosco secures contract for three container vessels . Cosco guangdong and european buyer have agreed to keep contract prices confidential .Transaction is not expected to have a material impact on nta and eps of company for year ending 31 December 2017.  Full Article

COSCO Corp (Singapore)'s unit secures vessel building contract from European buyer
Wednesday, 1 Mar 2017 04:24am EST 

COSCO Corporation (SIngapore) Ltd : Pdf 1: Cosco Corporation (Singapore) Limited (Cosco Corporation Secures Contract For One (1) 3,000 Ton Offshore Heavy Lift Vessel) . Unit has secured a contract from a European buyer to build one offshore heavy lift vessel . COSCO Qidong and buyer have agreed to keep contract price confidential .Contract is not expected to have a material impact on earnings per share of company for year ending 31 December 2017.  Full Article

Cosco Corporation (Singapore) qtrly net loss S$312.96 mln; parent to acquire 3 shipyards from co
Friday, 24 Feb 2017 04:25am EST 

Cosco Corporation (Singapore) Ltd : Qtrly turnover s$ 409.8 million versus s$ 725.5 million last year . qtrly net loss attributable s$312.960 million versus loss s$ 483.8 million last year . no dividend has been declared/recommended by directors in fy 2016 . "order book continues to be subject to revision from any new, cancellation, variation or scheduling of orders that may arise" . expects operating margins on new ship building and offshore contracts to continue facing severe downward pressure . group expects difficult and challenging business and operating conditions facing shipping, shipbuilding to persist and even worsen . "expects competition in offshore and shipbuilding sectors to remain keen even as crude oil prices continue to remain low" . "increasing number of group's customers may be unable to meet their contractual payment obligations to group" . informed by its parent co of proposed restructuring is to centralise operations and management of shipyard businesses . parent group plans to acquire co's equity interests in Cosco Shipyard Group , Cosco (Nantong) Shipyard And Cosco (Dalian) Shipyard . "plans relating to proposed acquisition will be further reviewed and determined after further necessary work" . "informed by its parent company that it will remain supportive of company's future development" . 2017 will remain challenging for group.  Full Article

Cosco Corporation (Singapore) updates on suspension of trading
Thursday, 26 Jan 2017 04:27am EST 

Cosco Corporation (Singapore) Ltd : updates on suspension of trading . Impact of restructuring on co is uncertain, China Cosco Shipping Corporation suggests that trading in shares of co continues to be suspended . As co is not able to ascertain if proposed restructuring will have material impact on company's securities .Co has been informed china cosco shipping corporation, that restructuring plans of group's shipyard businesses are advancing.  Full Article

Cosco Corporation (Singapore)says China Cosco Shipping Corporation Group will be restructuring its shipyard businesses
Tuesday, 20 Dec 2016 03:01am EST 

Cosco Corporation (Singapore) Limited - : Information Received From China Cosco Shipping Corporation Ltd . China Cosco Shipping Corporation Group will be restructuring its shipyard businesses . It is not able to ascertain if proposed restructuring will materially impact co's securities . Cosco Shipping Heavy Industry Co, a unit of China Cosco Shipping Corporation Ltd has been established .Co will make request to singapore exchange securities trading to transform trading halt into a trading suspension.  Full Article

Cosco Corporation(Singapore) Ltd updates on ship builidng contract for one unit of bulk carrier
Thursday, 15 Dec 2016 04:22am EST 

Cosco Corporation (Singapore) Limited : Update on ship builidng contract for one unit of bulk carrier . "It is not possible to ascertain financial impact of agreement for rescheduling at this point in time" .Unit of co's 51% owned unit, Cosco Shipyard Group Co to extend time for delivery of one unit of bulk carrier from 2q of 2017 to 2q of 2018.  Full Article

Cosco Corporation(Singapore)says Sembcorp Marine to dispose 30% equity interest in Cosco Shipyard Group
Wednesday, 16 Nov 2016 05:29am EST 

Cosco Corporation (Singapore) Ltd : Has been informed that Sembcorp Marine Ltd has entered into a sale and purchase agreement to dispose of its 30% equity interest in Cosco Shipyard Group Co . Following transaction, sembcorp marine will cease to have any interest in csg except via its investments of 4.98% shareholdings in co .Agreement to dispose equity interest to china ocean shipping (group) company.  Full Article

Cosco Corporation(Singapore)says Sembcorp Marine to dispose 30% equity interest in Cosco Shipyard Group
Tuesday, 15 Nov 2016 06:59pm EST 

Cosco Corporation (Singapore) Ltd : Has been informed that Sembcorp Marine Ltd has entered into a sale and purchase agreement to dispose of its 30% equity interest in Cosco Shipyard Group Co . Following transaction, sembcorp marine will cease to have any interest in csg except via its investments of 4.98% shareholdings in co .Agreement to dispose equity interest to china ocean shipping (group) company.  Full Article

Cosco Corp (Singapore) issues update on Sevan 650 drilling unit
Monday, 17 Oct 2016 05:12am EDT 

Cosco Corporation (Singapore) Ltd : Cosco corp (singapore) - rigowner and cosco qidong agreed to exercise third option to extend delivery date of sevan developer for further 6 months . "update on sevan 650 drilling unit" . "final payment for contract has been amended from 90% of contract price to 95% of contract price of us$526.0 million" .Cosco qidong and rigowner remain in discussions on sevan developer.  Full Article

Cosco Corporation (Singapore) updates on builidng contract
Friday, 30 Sep 2016 06:02am EDT 

Cosco Corporation (Singapore) Ltd : Update on builidng contract for one (1) unit semi-submersible accommodation rig . Shipowner and cosco qidong have mutually agreed to re-extend delivery date of rig .Not possible to ascertain financial impact of agreement for rescheduling at this point in time.  Full Article

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