Greater China

COSCO applies to resume normal stock trading

Shanghai: Following two consecutive years of losses, COSCO reported a net profit of RMB235m for the fiscal of 2013, thanks to a series of asset sales by the national shipping giant.

In the meantime, COSCO has applied with Shanghai Stock Exchange (SSE) to resume normal stock trading. The company’s stock has been put into “Special Treatment” category after two consecutive years of losses.

SSE will make a decision in five trading days whether to cancel trading limitations on the company’s stock. COSCO has suspended the trading of stock within this period. [28/03/14]

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