News

Shipping & Marine

Staff Reporter

, Singapore

Published:

9 years ago

COSCO remains uncertain on securities prices amidst shipyard restructuring

Trading suspension might be underway.

A new company, COSCO Shipping Heavy Industry Co., Ltd, has been established by China COSCO Shipping Corporation group as it proceeds with the restructuring of its shipyard business, according to a media release at the SGX.

China COSCO Shipping Corporation said that the shipyard business restructuring is geared towards centralising operations and management of the shipyard businesses of the China COSCO Shipping Corporation group. The company has not yet disclosed the details of the restructuring, as various possibilities are still under consideration.

China COSCO Shipping Corporation admits that there will exist significant uncertainty as to the price of the company’s securities, but assures that the restructuring plans will soon be finalised and COSCO will be notified in a month.

COSCO says that it will not be appropriate for trading in the Company’s securities to continue, until the Company is notified by China COSCO Shipping Corporation Ltd of its finalised plans in relation to the proposed restructuring. The company will also make a request to the Singapore Exchange Securities Trading Limited to transform the trading halt that came into effect on 19 December 2016 into a trading suspension. The Company will make announcements of any significant development in this matter at the appropriate junctures.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia

Top News

Freight services prices jump 4.5% in Q1 on pricier oil and supply disruptions

Accounting services, cargo, and warehouse storage prices all rose.

Economy

11 hours ago

URA offers two residential sites for sale in Lorong Puntong and Kitchener Link

The Lorong Puntong/ Sin Ming Avenue site's tender closes in September.

Residential Property

11 hours ago

Condo resale prices rise 1.3% in May as volumes drop 9%

May resale activity stayed at 15.4%, below the 5-year average even as prices increased.

Residential Property

11 hours ago

VICOM names Chung Tying Chun as CEO from January 2027

He succeeds Sim Wing Yew, who retires after 14 years of service.

Transport & Logistics

11 hours ago

Exclusives

Tsuklio targets dual-income families in Singapore expansion

The Japanese meal subscription platform logged 3,000 pre-registrations before launch.

Food & Beverage

1 day ago

Firms cut senior hiring costs with fractional executives

$Firms cut senior hiring costs with fractional executives$

Firms cut senior hiring costs with fractional executives

Companies report 50% to 70% lower costs than full-time senior hires.

HR & Education

1 day ago

Choosier Asia buyers steer auctions toward rare art

Collectors are bidding harder for works with clear ownership histories.

2 days ago

Big-ticket deals lift Singapore M&A as volumes fall

Private equity and AI infrastructure drive record deal concentration.

Event News

Co-Written / Partner Finweek KL 2026: Where European capital meets ASEAN scale

The premier EU–ASEAN institutional fintech summit brings 1,000+ delegates to PARKROYAL Collection Kuala Lumpur on 11 to 13 November 2026 for three days of cross-border deal-making.