Cosco Shipping shuts down subsidiary in Panama

Cos Lucky Shipping Maritime is one of the group’s dormant subsidiaries.

Cosco Shipping announced the dissolution Cos Lucky Shipping Maritime Inc, a subsidiary incorporated in the Republic of Panama.

The group said the dissolution is subsequent to the scrapping of the vessel owned by Cos Lucky Shipping.

The dissolution of Cos Lucky Shipping is not expected to have any material impact on the net tangible assets and earnings per share of the Company for the financial year ending in December 2017.

The group said that none of its Directors or controlling shareholders has any interest, direct or indirect in the dissolution of Cos Lucky Shipping.
 

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Strides Premier enhances routing with Autofleet tech
The Singaporean taxi operator will utilise Autofleet’s platform to improve route planning and dispatching.
RGE and Singapore Fashion Council launch ‘Responsible Fashion Scholarship’
It is open for Singaporean citizens or permanent residents in full-time undergraduate or postgraduate programs at recognized institutions.
HR & Education