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COSCO Shipping International (Singapore) Co Ltd (COSC.SI)

COSC.SI on Stock Exchange of Singapore

0.27SGD
25 May 2017
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$0.00 (+0.00%)
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Latest Key Developments (Source: Significant Developments)

Cosco Shipping International (Singapore) says unit entered into contract
Monday, 15 May 2017 05:26am EDT 

May 15 (Reuters) - Cosco Shipping International (Singapore) Co Ltd ::Unit entered into a contract with a european buyer to build one Floating Storage Regasification Module.Cosco Qidong and European buyer have agreed to keep contract prices confidential.Transaction is not expected to have material impact earnings per share of co for year ending 31 Dec 2017.  Full Article

Cosco Corporation (Singapore) announces resignation Ma Hong Han as CFO
Tuesday, 9 May 2017 05:40am EDT 

May 9 (Reuters) - Cosco Corporation (Singapore) Limited -:Change Of Chief Financial Officer.Announces resignation Ma Hong Han as chief financial officer.Liang Jianfeng has been appointed as acting chief financial officer of company.Parent company is in midst of identifying a new chief financial officer.  Full Article

Cosco Corporation(Singapore)Ltd entered into SP agreement
Friday, 5 May 2017 05:13am EDT 

May 5 (Reuters) - Cosco Corporation (Singapore) Limited ::Entered into a conditional sale and purchase agreement with Cosco Shipping Heavy Industry.Aggregate valuation of sale shares was determined to be RMB 1.59 billion as at 31 december 2016.Proposed disposal involves disposal of co's ship repair, shipbuilding and marine engineering business in PRC.Agreement in relation to proposed disposal of 51pct equity interest in cosco shipyard group.Deal in relation to proposed disposal of 50pct equity interest in cosco (nantong) shipyard co., ltd..Intends to use sale proceeds from proposed disposal to fund future projects.Company to sell to purchaser 39.1pct equity interest in Dalian Cosco Shipyard.Parties agreed that aggregate consideration of sale shares is RMB 1.47 billion.Gain on proposed disposal is expected to be approximately S$360.07 million.  Full Article

Cosco Shipping International Singapore says Q1 loss attributable S$78.9 mln
Friday, 5 May 2017 05:10am EDT 

May 5 (Reuters) - Cosco Shipping International (Singapore) Co Ltd ::Qtrly turnover S$401.8 million versus S$722.3 million.Q1 loss attributable to equity holders of co S$78.9 million versus net loss of S$14.4 million.Expects competition to remain keen even as crude oil prices continue to remain low.2017 will remain challenging for group."Expects difficult and challenging business and operating conditions to persist and may even worsen".Group's offshore marine segment has been "adversely affected" by low crude oil prices over past few years."Group expects operating margins on new ship building and offshore contracts to continue facing severe downward pressure".Ship building segment will continue to be highly challenging in 2017.  Full Article

Cosco Corporation (Singapore) updates on construction contract for two units jack-up drilling rigs
Friday, 7 Apr 2017 05:42am EDT 

Cosco Corporation (Singapore) Limited : Update On Construction Contract For Two (2) Units Jack-up Drilling Rigs . "Owner and Cosco Dalian also agreed to delay delivery of energy engager and energy encounter until further notice" . Owner and Cosco Dalian have mutually agreed to extend rig acceptance date of first rig, energy engager to end of Sept 2017 . "It is not possible to ascertain financial impact of rescheduling at this point in time" .Owner and Cosco Dalian have mutually agreed to extend rig acceptance date of second rig, energy encounter to end of march 2018.  Full Article

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

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