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China COSCO Plans Global Logistics Conglomerate

Aggregated Source: ChinaRetailNews.com
September 5, 2007|

China COSCO Holdings Company Limited plans to acquire major dry bulk shipping assets for a total consideration of RMB34.6 billion from COSCO Group in an attempt to become a global leader in integrated shipping and to reinforce its market leadership. The company plans to pay the consideration with the proceeds from a private placement of A [...]

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