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COSCO, China Shipping Merger to Result in New Company, Regulator Says

SHANGHAI, Jan 4 (Reuters) – China Ocean Shipping Group Co (COSCO) and China Shipping Group Co will become a new entity after merging, led by the latter’s current chairman, China’s state-owned assets regulator said on Monday. The former rivals said in December they would merge through a series of asset swaps, creating units focused on […]

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WP_Post Object ( [ID] => 101053 [post_author] => 4 [post_date] => 2016-01-04 15:33:44 [post_date_gmt] => 2016-01-04 15:33:44 [post_content] =>

Photo: Sheila Fitzgerald / Shutterstock.comSHANGHAI, Jan 4 (Reuters) – China Ocean Shipping Group Co (COSCO) and China Shipping Group Co will become a new entity after merging, led by the latter’s current chairman, China’s state-owned assets regulator said on Monday. The former rivals said in December they would merge through a series of asset swaps, creating units focused on […]

The post COSCO, China Shipping Merger to Result in New Company, Regulator Says appeared first on gCaptain.

[post_title] => COSCO, China Shipping Merger to Result in New Company, Regulator Says [post_excerpt] =>

Photo: Sheila Fitzgerald / Shutterstock.comSHANGHAI, Jan 4 (Reuters) – China Ocean Shipping Group Co (COSCO) and China Shipping Group Co will become a new entity after merging, led by the latter’s current chairman, China’s state-owned assets regulator said on Monday. The former rivals said in December they would merge through a series of asset swaps, creating units focused on […]

The post COSCO, China Shipping Merger to Result in New Company, Regulator Says appeared first on gCaptain.

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